Fascism is fundamentally about economics – not racism. It is when Big Business “partners” with Big Government (it’s no accident we hear that word routinely now) to steal money rather than earn it through the free exchange of goods and services.
Examples include Elon Musk and his Tesla electric car operation – which depends entirely on mandates and subsidies – but also GM and the mainline car companies, who are just as guilty of “partnering” with the government as Tesla to mulct the citizenry for their benefit, even if their product (unlike Musk’s) is fundamentally sound and could sell on the basis of free exchange.
The bailouts circa 2008 are the obvious example.
Rather than take their lumps GM filched our pockets, using the government’s hands in our pockets. Whether the money was “paid back” is irrelevant to the moral issue at hand; a guy who mugs you in street but sends you a check later on has still mugged you – even if he includes an apology note with the check.
Another example of American fascism – and one that’s arguably worse than subsidizing Tesla or bailing out GM – is the use of eminent domain to steal people’s land using government’s guns (and courts, to rubber stamp the theft) for the sake of private gain.