I think you have it right that there are two aspects in fascism, but you get some things wrong about historical fascism
I 100% agree with the idea that the material reality of fascism is essentially a completion of liberalism, as carried out by the bourgeoisie. It is the annihilation of the individual in the name of the social body (as represented by the nation, which is represented by the state or singular leader himself). It is also in some ways anti-capitalist in that it formally subjects the economy to political control, but the nature of that control will always tend to be in favor of whatever bourgeois interests are ruling the system. This is not paradoxical, since companies have to exist in the context of a whole economy, and so in order to shape themselves as they see fit, they need the freedom to impose on all others. This is achieved through political control of the economy. In this way it's even materially progressive. The US deepstate is currently upholding these ideas in a socially progressive veneer. Hillary Clinton, by this definition, is a fascist.
But the other side which is equally necessary to fully understand fascism is it's irrationalism. It is an answer to the problem of modernity. It's a failed answer, but tbh as far as things go it's pretty advanced I think. Fascism is for the rejection of this modern period of generalized nihilism and overturning by the installation of an "eternal" state which is to faithfully represent the true national Spirit. It's at it's core Idealist. It's similar to anarchism maybe? In that they can both be idealist and copes with the problem of modernity. But other than that they're pretty unrelated. Though between these ideas there is a sort of voluntarism or libertinism for the leadership, who are to have full artistic freedom over society. This makes sense, since the state needs it's solidity recognized in order to "represent" (or more accurately, displace) the reality of the individual citizen.
And it's not so much necessarily racist, as trying to worship an aesthetic rendering of their understanding of their particular national being. This is why I say it's more advanced. They fail because of their worship of an aesthetic representation and the negation of the individual (imagining an antagonism between real concrete individual, and the society they make), but they are correct to hoPost too long. Click here to view the full text.