The similarity is part of what led to the term red fascism though.

Ultimately the difference is what purpose it serves and the integrity of the system involved.

With a federal government stripping all social aid and increasing the power of the security state it's very, very clear what the goal of this is.

you are thinking of Corperatism.

https://politicalresearch.org/2005/01/12/mussolini-corporate-state

National security interests would drive the selection of certain companies. But all companies that need a bailout should do it in exchange for privileged stock. I'm tired of companies like ATT getting billions of dollars of free money for shit like "fiber infrastructure" and then just pocketting it. If they want that money, and if it is a matter of law, then they get uncle sam on the board telling them to spend it how it was meant to be spent.

You might wana fact check yourself there as well.

https://politicalresearch.org/2005/01/12/mussolini-corporate-state