classical Fascist ideology (conservative nationalism)
Facism is NOT conservative nationalism. Conservativism is the context-sensitive belief of resisting change.
As for regulation, over-regulation could be a stepping stone to either socialism or fascism, depending on HOW the regulation works. If the state starts nationalizing the means of production in order to redistribute wealth "equally" then we're into socialism. If the state starts regulating (not necessarily nationalizing) corporations to limit free market and allocate resources to the state, then you have fascism. Likewise, if you see the domination of corporations but a limited free market, facist corporatism may be taking place (there are many forms of corporatism. In general, fascism, like communism tends to reject free market capitalism as being hedonistic.
The situation in the US is neither facist nor communistic; it is (close to being) Corporatocratic (and hard to spell
). In general, this describes a unhealthy power of corporations in or over the state (as opposed to the state over the corporations). It is as much of an enemy to free market capitalism as it is an enemy to individual rights and society in general.
In my opinion (being right of center), regulation of the free market needs to do (and be limited to) protection of a consumer driven free market, protection of consumers, protection against monopolies (these 3 are practical pitfalls, and don't exist in ideal capitalism), protection of rights and ideas granted by CLASSICAL liberalism, and finally protection of democracy/against corporatocracy (this regulation in particular is actually much more beneficial to a free market than it seems, since corporatocracy eventually interferes with and destroys the free market). I'm also fine with environmental regulation to an extent, but I think any further regulation (especially social) should be short term while the markets adjust to meet the needs of society.
Even if you think that there should be more regulation, I think that we can all agree that this is a good starting point (unless you happen to be a facist or a socialist).