Fascism is a modern iteration of an old problem. Not even the worst version of it. Plenty of theocracies and empires in history promoted similar strong group/national identity paired with subjugation of individuals to an authoritarian state.
And fascism is not even compatible with capitalism as it requires state control over industry. It would be more compatible with socialism except that it’s not nationalizing industry for the benefit of the working class explicitly, just the benefit of the nation/state.






When the state fully controls your property, it’s not private property and thus not capitalistism. It’s not socialism either, because they still give deference to the original “private” owner.
China is a perfect example of how a fascist country would operate, honestly. It’s frankly annoying that people don’t routinely call it a fascist state and instead call it communist.