In essence, yes. However there are a few more minor details you may want to consider.

I think it's all a reaction to events that happened long ago, in particular the advent of the printing press.

This singular event brought enlightenment to many people, average people, people who were once mired in mud and chained by servitude to lords and barons.

That event coupled with the magna carta led to the renaissance and rationalist philosophy. The blue blood royalty of Europe and the families that gained wealth with them, formed a counter-revolution to rationalist philosophy (natural rights) with humanism.

Humanism led to communism, fascism and socialism all attempts by the royalty to regain control over the masses by promising them they would be in control via the controlling party (nonsense).

All events that have arisen due to the invention of the printing press and it's modern equivalent the internet and micro-computers.