Are you familiar with Curtis Yarvin, and his influence with Thiel, JD Vance etc? He absolutely advocates for monarchy and dismantling democracy. He's also, if we are to judge his extensive writing, very much a racist
https://www.vanityfair.com/news/2022/04/inside-the-new-right...
I'm not saying that none of the Silicon Valley oligarchs have some fascist sympathies. But this book is generalizing over all of Silicon Valley.