General Discussion

with fascism the state is still technically "independent" from industry (if only in a purely legal sense), and instead becomes its biggest customer. Mutual profit. It's a merging of powers/symbiotic relationship rather than one based on control. Hell, in many fascist states, power tends to skew more towards corporations than the state, which is why fascism is so conducive to corporatocracy.

In Mussolini's Italy, many fascists even referred to themselves as "national corporatists."