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I don't see how physical location is really important to it any more- All of the extremism, more or less, on both sides comes from youngsters who live under this ethereal internet based collective consciousness. The middle class student types gravitate toward far left identity politics, whereas the disenfranchised neets and working class find themselves drawn into the alt-right nationalist rhetoric.
Both resonate with their supporters because they tend to focus on the issues that face those particular subgroups in their path through life- In a way, both of them have a valid basis, and that's what gets people in in the first place. The left is legitimately concerned with protecting the progressive changes society has seen over the last several decades, while the right is legitimately concerned about the perceived threats of globalisation and a creeping nanny state.
The echo chamber these people find themselves in once they've been hooked, in my opinion, is what turns things ugly. I think broadly speaking, today's young people are more likely to become evangelical in their beliefs, because so much discourse takes place online with some anonymous, depersonalised "troll" of an opponent. It seems too easy under those circumstances to forget personal beliefs are subjective, and that there is no great moral arbiter to decide what really is right and wrong.
Whereas the last several decades have been characterised by a dissatisfaction with robotic, soulless, centrist politicians and parties, I see us heading into an age of highly divisive politics with greater extremes and much more animosity.
In the interests of transparency, I fall firmly on the political left, but I see the whole identity politics trend as a harmful obsession. At best it's redundant, because generations going forward are bound to be more open minded than ever before, and at worst it's actively harmful, fracturing support bases and getting in the way of more meaningful left wing activity.