The state and private industry being in cahoots is capitalism.
The state, private industry, and the military being in cahoots is imperialism, the highest stage of capitalism.

Fascism is when the capitalists feel that liberalism is not longer sufficiently serving their interests.

Once more let me remind you what fascism is. It need not wear a brown shirt or a green shirt -- it may even wear a dress shirt. Fascism begins the moment a ruling class, fearing the people may use their political democracy to gain economic democracy, begins to destroy political democracy in order to retain its power of exploitation and special privilege.
— Tommy Douglas

• Michael Parenti » 🔈 Fascism, The False Revolution
• Gabriel Rockhill:
  • Fascism: Now You See It, Now You Don’t!
  • Liberalism and Fascism: Partners in Crime
  • The U.S. Did Not Defeat Fascism in WWII, It Discreetly Internationalized It