It is an ideology.
An ideology is a belief system consisting of social, economic and political assumptions, values and ideas that provides a basis for organised political action.
Nazi Germany, Mussolini's Italy practised the ideology of Fascism
It is an extreme left wing ideology in the political spectrum.
It involves an increasing acceptance of hieracrhy ( honours and favours the monarchy e.g church of England )
It also favours individualism and the free market. (people are free to make money and private businesses are supported)
The poor are exploited and keep getting poorer; huge contrast between rich and poor.
fascism |ˈfa sh ˌizəm| (also Fascism)
noun
an authoritarian and nationalistic right-wing system of government and social organization.
• (in general use) extreme right-wing, authoritarian, or intolerant views or practice.
The term Fascism was first used of the totalitarian right-wing nationalist regime of Mussolini in Italy (1922-43), and the regimes of the Nazis in Germany and Franco in Spain were also fascist. Fascism tends to include a belief in the supremacy of one national or ethnic group, a contempt for democracy, an insistence on obedience to a powerful leader, and a strong demagogic approach.
DERIVATIVES
fascist |ˈføʃəst| noun & adjective
fascistic |faˈ sh istik| |føˈʃɪstɪk| |-ˈʃɪstɪk| adjective
ORIGIN from Italian fascismo, from fascio 'bundle, political group,' from Latin fascis (see fasces ).
That would be Nazism.