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It'll end up as "Vote stupid parties, win stupid prices"
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Eh, I wouldn't say its a failure of "the left." The problem is that American style neoliberalism has become the only game in town and any minor deviation is seen as dangerous extremism. Its easier to imagine the end of the world than it is to imagine the end of capitalism.
Neo classical economics is simply "economics" or even worse "just basic economics" now. Every major media outlet going has been captured or compromised. Social media is bought and paid for by the same interests too. I mean, there's some pockets of resistance here and there but the ultra wealthy control all the narratives.
To me, blaming "the left" for that and calling their resistancea failure is just bizarre. Its not like the narrative has changed or is remotely hard to comprehend. Its just that people like being told what they want to hear; that they were right all along.
They clearly prefer to be told its all those damn foreigners faults and that looking up is a waste of time.
I totally agree that neoliberal economics are essentially what we understand to be economics now. To be clear, I'm not blaming the left, I think it's a case of they have a more difficult message to convey. To explain the problems that neoliberal economics has and to propose a solution to them is a really hard task compared with "it's the foreigners at fault". It's a much clearer, more concise and seemingly solvable problem compared with "we need to overhaul the global economy".
Sadly, I think you hit the nail right on the head there. People don't want complicated answers to complicated questions. As you eluded to, blaming the out-group has worked since groups existed.
Through my own fault, I think I read too deeply into the word failure lol.
Damn... it's wild how true this is
If you like that, I can't recommend "capitalist realism: is there no alternative?" enough. It where I stole it from, without a hint of shame.
I'm just gonna leave this here: https://en.wikipedia.org/wiki/Capitalist_Realism