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The ruling class was able to get along well enough up until the US Civil War, at which point the slavers decided they were willing to tear the country apart to keep on slaving. I include this because the Nazis were inspired by Jim Crow and how we did things over here. Fascism started bubbling up in the early 20th century because industrialization and capitalism polluted everything and made people work awful hours and all that, and liberalism and conservatism hadn't fixed it. There was a serious coup attempt forming in the early 30s called the Business Plot, but they went to a war hero Marine general who told them to fuck off and told the federal government about it.
At least in the US, we're in this situation now because authoritarians have been working toward it since the 60s (the Powell Memo was written in 1971 I think) and they've taken advantage of how terribly the Constitution is written, along with consolidation of wealth and stoking backlash to all the civil rights movements to get people to back them. The worst part is that it's a feedback loop: since Reagan took power, Republicans campaign on "look how bad the government is!" and make the government worse once they're in office, which feeds their cause.
tl;dr capitalism makes living conditions terrible, people abandon liberalism and conservatism for socialism/communism/etc and fascism, liberals don't want much to change, fascism lives or dies based on how much conservatives sell out to/ally with them. The fact that we're doing this all again shows to me that liberalism is a dead ideology and capitalism is going to kill us if we don't kill it first.