If you're looking for a better term, we could call it "technocratic anti-liberalism" to perhaps cover all the bases. People are attempting to describe the current situation in which the wealthiest humans in all of history are supporting an anti-liberal executive by making financial donations to anti-liberal leadership and making changes to their products to further the messages thereof, e.g. broadcasting Nazi ideology and making Nazi salutes.
"Wealthy" as in "holding more personal wealth than the bottom half of the US population"; "anti-liberal" as in "espousing and acting in opposition to classical liberal values of consent of the governed and equality under law by denying the validity of elections, attempting to overthrow the US liberal democratic government with force, pardoning foot soldiers found guilty of such an attack, utilizing king-like executive direction to undermine the highest law of the land, avoiding all punishment for his own guilt, and so forth.
That's how I interpret the term.