Controlling the private sector thru excessive taxation and regulation is ‘Corporatism’.
“Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power”
Benito Mussolini (Italian dictator, 1883-1945)
No Republican in the 1980’s would consider ‘Corporatism’ (which is the correct term) an acceptable American system unless they were a ‘Plant’ from the ‘Progressives’.
He’s not a socialist, he just favours redistribution of wealth, cradle to grave welfare state and a bogus green economy. I see. Great clarification.
“Corporatism” seems better because “fascism” has been perhaps forever corrupted by misuse. It misses, however, the nationalistic and World Police aspect of our form of government, which fascism properly addresses. Also, it implies, to some ears at least, that either the state invariably favors corporations, or that corporations own the state (the correct term for that would be “plutocracy,” I think). In fact fascist/corporatist government punishes private business as much as it subsidizes them. It gives with one hand and slaps with the other. It favors Big Business here, unions there, small business round the bend, and the masses all the way home.
Point is, it controls the economy through regulation if large groups of things, which may or may not benefit corporations. Which is why I say the terminology confuses some. One thing is clear: fascism, corporatism, syndicalism, etc. are all forms of socialism.