However, the Italian word Mussolini used was Corporazione, which means guild, not corporation.
This was reinforced on March 27, 2010, by political and economics analyst, Webster Tarpley, host of “World Crisis Radio”, who is fluent in Italian. In the second segment of the first hour of the show, he said, “Corporate does not mean corporation in the modern sense of a joint stock company, it means a medieval guild. And a guild, the idea that the ownership and the workers are inextricably linked”
But would a merger of Corporate and State powers, still be considered be Fascist?
What is Fascism?
Nationalism is the main foundation of Fascism. This is the view of a nation as a single organic entity which binds people together by their ancestry and is a natural unifying force of people . One of the economic policies of fascism, is that their economies are subordinate to the state. The state may intervene in an economy to protect large Monopolistic (Similar to Totalitarianism) or Oligopolistic businesses (Oligarchy) from competition by smaller firms. The domination of government by private players, who use it to suppress competition and secure their profits, is the opposite of Socialism .
Fascism's economic theory of Corporatism involves the management of sectors within an economy by government or privately controlled organizations (Corporations)  . A Corporatocracy is the system of government in which a Corporation, group of Corporations or entities run by Corporations, control the direction and governance of a country, either directly or indirectly  . They may seek laws and governmental policies that promote their business profitability. A Plutocracy is the rule and domination by a small minority of the wealthiest citizens.
Fourteen Defining Characteristics Of Fascism ~ by Dr. Lawrence Britt (Rense.com)