When people say that history is cyclical, they don’t mean that it is literally repeating itself verbatim. They’re referring to human nature/behavior. There’s been numerous cycles in that regard that haven’t varied that drastically. One only needs to even examine the last 150 years and see that we’re once again experiencing a modern version of the Robber Baron Era (in the US at least for this one), the rise of fascism and populism, an increase in xenophobia and demand for isolationism, etc.