In a truly fascist regime, business remains in private hands, but is strictly regulated in the interests of the nation. Illiberal democracies are quite different. In an illiberal democracy, the government compels businessmen to stand in line, suck up, and compete for favors. It is a system that more closely resembles feudalism than democratic capitalism.
Putin practically invented this system. Orban does it, too. We had a glimpse of it in this country, with Trump’s whimsical tariffs and exceptions.
So how would businesses respond to the Orban Option in America? Opinion would be divided. Many small business owners are ideological Reactionaries and would have nothing to fear from arbitrary interventions, so they would probably welcome the new regime. History tells us in any event that small business owners are typically the backbone of reactionary governments, regardless of the time and place. Larger corporations would be much less enthusiastic—particularly tech businesses. Anyone with strong interests in international trade and a liberal workforce is going to run into trouble with a regime that celebrates and protects the past, not the present and the future.