With the rapidly worsening of the material conditions of the general population in the 'west', will we see a rerun of the early 20th century? I feel we are approaching the point where the bourgeoisie are so desperate to cling on that the 'democratic' institutions of today might be in danger.
Right, it's a more subtle form
Rather than goose stepping through the halls of power, it's the people writing bills in those same halls getting the text for a legislative bill wholesale from some crypto-fascist think tank
In the formal state institutions it's subtle as you said, but in a lot of other material manifestations of state power it's not subtle at all. It's widely known by now that a major portion of cops are literal klansmen and neonazis, and they are the living state, its arm with which it manipulates social reality.