Yes, and the original reason was that socialists sat on the right bench and the capitalists sat in the left bench, I know this already. There is no underlying logic to this, the reason is arbitrary, based on the behavioural habits of intelligent ape creatures in a legislative chamber hundreds of years ago.
What if the chamber had a circular seating arrangement? Would we now be arguing about North and West? I'll have you know, I'm politically 172 degrees! You 317 degree people need to GTFO and learn about your politics!