Point is, this public/private "partnership" is about as asymmetrical as it gets. Which parter is far more "equal"? Why, the state, of course. In fascism, the state finds allies in business and keeps the alliances alive, but only so long as business serves the state's purpose. Can the business terminate the state in fascism? Heck no! Can the state terminate the business? Oh, yeah! This is no partnership. It is really an interlocking government directorate. This, in essence, is EXACTLY the same as communism.
For years, people have puzzled, needlessly, over the "nuances" between fascism and communism, some going so far as to deem them opposites. In fact, they are merely the same emperor in varying "states" of dress (or undress).
You are absolutely correct. Collectivism is liberty's enemy.