This feels like it's misunderstood corporatism and what corporation means in this context

Corporatism does not refer to a political system dominated by large business interests, even though the latter are commonly referred to as "corporations" in modern American vernacular and legal parlance; instead, the correct term for this theoretical system would be corporatocracy. Corporatism is not government corruption in politics or the use of bribery by corporate interest groups. The terms 'corporatocracy' and 'corporatism' are often confused due to their name and the use of corporations as organs of the state.

A fascist corporation can be defined as a governmental entity incorporating workers' and employers' syndicates affiliated with the same profession and sector, with the aim of overseeing production in a comprehensive manner. Theoretically, each trade union within this structure assumes the responsibility of advocating for the interests of its respective profession, particularly through the negotiation of labor agreements and similar measures. Fascists theorized that this method could result in harmony amongst social classes.