I'd like to bring a few topics up for discussion:
State Capitalism is the first. Now, in America, we think of the "good" kind of capitalism as being the laissez faire version of free market capitalism. This is where the markets and the government are separate, this is what Reagan preached (although I submit it is not what he practiced) and it's the cause lifted up by the Tea Party and modern libertarians.
State Capitalism is what they have in China. This is when the government aligns itself with Big Business, and becomes a tool for the wealthy. In this system, the government itself functions as one massive corporation, and actively works to support the interests of Big Business, at the expense of anyone else who may suffer.
In China, the entrepreneurial spirit is extremely strong, and business is exploding, despite their claims of being an officially "communist" country. In China, the government handles finances and actively works to secure consumer markets for protected industries.
What we call Fascists are usually those who support State Capitalism. From this perspective, the Soviet Union would have been more appropriately called a Red Fascist state, rather than a bottom-up communist state.
It seems the line goes like this: left to right.
Communism - Dictatorship of the Proletariat - Democratic Socialism - Laissez Faire Capitalism - State Capitalism - National Socialism - Fascism
Ironically enough, the far left and far right on the spectrum have, in history, often come around and touched, blending "official capitalist" states with authoritarian structures, or "official socialist" states with limited or no democracy.
Now, it is a given in Marxist ideology that Laissez Faire capitalism is impossible and unstable and necessarily moves. This is because the nature of capitalism is to accumulate wealth into the hands of the few. Once few people hold most of the wealth, they are able to secure their positions through power grabs like buying politicians or flooding the privately-owned airwaves with propaganda. Before you know it, the government is working first and foremost for Big Business, and any leftovers trickle down to the regular working people like you and me.
I suggest that we are on a very fast track towards State Capitalism. For many decades, part of the propaganda campaign to win the Cold War was to assert through a variety of direct and subliminal means that Capitalism and Democracy were married. It was assumed that if Capitalism could be supported, Democracy would follow, and if Democracy could be supported, Capitalism will follow.
Now, this isn't always the case. For example: the 1954 Guatemalan coup d'état, where the guatemalan people democratically elected a socialist leader, and the CIA went in and destabilized the government in order to protect capitalist business interests at the expense of the people. However, despite the actions of our government, they've always preached the the same thing, that Capitalism and Democracy go together. This marriage is part of how we won the cold war. However, China is proving more and more than their system of State Capitalism with limited Democracy is actually a far more stable system for the people in power. Slowly but surely, as big business aligns itself with big government, we will find ourselves living in a Fascist State.
Finally I present one of the most honest men working in government today, Congressman Ron Paul: He argues that Corporatism is Soft Fascism and I agree.