That sounds like fascism, why not just call it that?
It is fascism, but people came up with a new name for it because the old name has negative connotations. The new name will gain the same connotations, but it will take time, and that time is what its supporters need.
A big chunk of America embraced fascism before it was properly disgraced. I hope its most recent incarnation - corporatism - dies quickly. It is a monstrosity that marries a permanent political aristocracy with large corporate power and money.