Yeah, it’s happening all over western liberal democracies. Inflation is going crazy and wealth inequalities are growing at an alarming rate. Because of that, people in power are afraid of a popular uprising, and they would rather see fascists rise to power and protect capitalism, than an economical shift to the left and lose some of their wealth.
It happened many times before. The more commonly known examples being:
Prominent industrialists and agricultural landowners providing financial support to Mussolini’s party because they feared the rise of socialism, and saw in him a means to counter it.
German industrialists who were fearful of the rise of the Communist Party and provided financial support to the Nazi party.
Spanish landowners and businessmen who were alarmed by the social and economic reforms of the Second Spanish Republic and supported Franco’s rise to power.