Really? It is quite fashionable to call the US fascist while going gaga at other countries that have similar or worse conditions. Let me bring receipts.
https://www.econstor.eu/bitstream/10419/263159/1/1815112018....
The most striking difference is that top investors in Europe hold much higher stakes than in the United States. The top ten in Europe features several governments.
Do you want to apply the word you had in mind to those governments too?