This is as far into RL politics I will go, but even though WH and just about any dystopian world setting (the word dystopian might be a clue) are meant to be purely fantasy, perhaps cautionary tales (if the writer is really clever), RL is indeed heading down that path. I was reading an article (think it was Bloomberg) where the point was made that Musk now has more relative wealth that Carnegie did, before Standard Oil was broken up, and Carnegie started giving it all away. One only has to pick up a newspaper and read about the rise of authoritarianism across the planet.
It is not at all unreasonable to suggest that something along the lines of the Dune political system with House Musk, House Apple, House Bezos, et al will run humanity in the future. That is certainly a fascism-adjacent reality.
Sounds more feudal than fascist (also very undesirable, of course...)