Main Entry: fas·cism Pronunciation: 'fa-"shi-z&m also 'fa-"si- Function: noun Etymology: Italian fascismo, from fascio bundle, fasces, group, from Latin fascis bundle & fasces fasces 1 often capitalized : a political philosophy, movement, or regime (as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition