NOUN:
1. often Fascism a. A system of government marked by centralization of authority under a dictator, stringent socioeconomic controls, suppression of the opposition through terror and censorship, and typically a policy of belligerent nationalism and racism. b. A political philosophy or movement based on or advocating such a system of government. 2. Oppressive, dictatorial control.

ETYMOLOGY:
Italian fascismo, from fascio, group, from Late Latin fascium, from Latin fascis, bundle.

OTHER FORMS:
fas·cistic (f-shstk) —ADJECTIVE

WORD HISTORY:
It is fitting that the name of an authoritarian political movement like Fascism, founded in 1919 by Benito Mussolini, should come from the name of a symbol of authority. The Italian name of the movement, fascismo, is derived from fascio, "bundle, (political) group," but also refers to the movement's emblem, the fasces, a bundle of rods bound around a projecting axe-head that was carried before an ancient Roman magistrate by an attendant as a symbol of authority and power. The name of Mussolini's group of revolutionaries was soon used for similar nationalistic movements in other countries that sought to gain power through violence and ruthlessness, such as National Socialism.   

(From the American Heritage).

The compelling virtue of fascism is that it imposes order, which in the face of trying times can be incredibly attractive.

Amos