Fascist is the correct term. He gives private business the pretense of private ownership, yet he controls the factors of production. Instead of more SUVs, GM will build electric cars at wages determied by the Obama government. Likewise, instead of building trolley cars, Henschel will build Panzer IVs at wages determined by the Reich.
Oops, Panzer IV should read Panzer VI (i.e. King Tiger)