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Nope. Pure denialism there. The liberals with resources were as willing to suppress the extreme right as the extreme left. They're both outsiders. Why is the far right capable of mounting a populist response to that suppression but the left wing cannot?
This got weaponized by the far right, from 4chan to Reddit to Twitter, into a extremely effective PR machine to discourage political opponents and ingest potential supporters into a cult-like zeal. Even assuming that isn't the goal for the left (and isn't it?) why is it not capable of mounting a similar system with the same tools?
Billionaires are not suppressed by society, especially not by liberals.
Billionaires were quite shy about being right wing political activists in an environment where fascist activism was bad for business.
But when Thiel, Murdoch and their cronies went ahead and not only didn't get dinged for their crap but became more powerful because of it that became not just easier, but their default stance.
The neofascist movement didn't start with billionaires. It didn't even start with Steve Bannon rotting away at Breitbart. It started in 4chan and crappy websites and extremist online groups deploying relatively subtle examples of what we now recognize as culture wars and then the far-right media learning that lesson and leveraging it to take control of right wing politics.
Nobody in the left deployed those tools anywhere near that successfully at the time, and they still don't. And now there are fewer billionaires willing to bankroll them as a PR move, so it's harder.