The American left is a unique phenomenon in the sense that it is an elitist kind of left; it is inspired by the ideas of the Frankfurt school and other neo-liberal thinkers, and is led by millionaires and billionaires. The elitist left is not ideological, it is moved by nihilistic and feudal tendencies; for them culture is a myth, and the masses are serfs. They preach socialism, multiculturalism, and environmentalism, but their privileged lifestyle is funded by the revenues from capitalist oligarchies—they exercise monopolistic control over the digital industry, the arts and entertainment industry, the mainstream media, and the academia. The leftist movements which acquired power in Eastern Europe and large parts of Asia in the twentieth century were the Bolshevik left. After the fall of the Soviet Union in 1991, the Bolshevik left mutated into the fascistic left. In Western Europe and India, the Fabian left dominated politics until the 1980s; after the 1980s, the Fabian left has been overtaken by the environmentalist and the American-style elitist left.