Actually this is nothing new. Democracy has failed as a god since the first time it was tried. They at least articulate the right and left jackboots correctly though:

Ordinary people are angry at the political system in part because they recognize to what extent they have been shut out of key decisions. But, by the same token, the process is becoming so unresponsive in part because the rise of illiberal populists has given the political establishment a good reason to insulate itself from the people’s anger. A pendulum is swinging from illiberal democracy to undemocratic liberalism, then back again. And its swings are getting wider and wider.

Where they are wrong is in thinking that the reversion to kingdom is a thing to be lamented. At least the common man knows their enemy a bit better then.