It had nothing to do with that. It spun out of Cancel Culture after 2016. Basically it's a Politically Correct term for a Fascist. A Socialist jerk obsessed with Censorship.
Every few years Demorhhoid ideology dies a long deserved death. But Demorhhoids dig it up and recycle it. Affirmative Action became DEI. Political Correctness mixed with real Fascism became Wokesterism.