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I don;t know if anyone here reads Adbusters mag. but they had a good article in their last mag:

If we look at historian Stanley Payne's classical general theory of fascism, we are struck by the increasing similarities with the American model:

A. The Fascist Negations

B. Ideology and Goals
Creation of a new nationalist authoritarian state.
Organization of a new kind of regulated, multi-class, integrated national economic structure.
The goal of empire.
Specific espousal of an idealist, voluntarist creed.

C. Style and Organization
Emphasis on aesthetic structure, stressing romantic and mystical aspects.
Attempted mass mobilization with militarization of political relationships and style, and the goal of a mass party militia.
Positive evaluation and use of violence.
Extreme stress on the masculine principle.
Exaltation of youth.
Specific tendency toward an authoritarian, charismatic, personal style of command.

With American fascism, the first two negations are obvious; the third may seem unlikely. But fascism is not conservatism, and it takes issue with conservatism's anti-revolutionary stance. Conservatism's libertarian strand - an American staple - would not agree with fascism's "nationalist authoritarian state." Reaganite anti-government rhetoric might have been a precursor to fascism, but free market and deregulationist ideology cannot be labeled fascist.
It's a pretty interesting read:
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