You're right to be terrified of fascism, as am I. Anyone who isn't is either not paying attention or been bamboozled into thinking it will benefit them while vanquishing their perceived enemies.
My main criticism of capitalism is that it relies on exploitation for it's success; exploitation of the planet and ppl.
We've taken so much from the planet already there won't be much left for future generations (if there are any future generations bc of climate change, of which capitalism played a huge part, imo).
We are now in the find out phase of ecological overshoot and no tech or imaginary being will be able to stop that.
Capitalism also exploits ppl terribly, always chasing after the cheapest labor, segregating ppl by income and encouraging the worst business practices of brutality towards some so others can hoard money.
The US has been capitalist since it's inception. FDR did try to tame the worst of capitalism's ideals; but looking where we're at right now, it wasn't successful in the long term.
So here we are now, with a shrunken middle class, and millions of Americans one paycheck away from becoming jobless and/or homeless. Despite the economic headlines, wages are still stagnant, not even keeping up with inflation.
There has to be a better way than this.
Bc you are correct in saying dire economic conditions are an incubator for fascism to grow and thrive.