facism is an intentional misspelling fascism, though since the word is not English there is truly no standard English spelling, because in the academic world you find both spellings used interchangeably.
fascism is an extreme rightist, conservative, authoritarianism with a distinctive essence of patriotic nationalism. It is a fairly common reaction to the surge in nationalism in post-19th century Europe considering the authoritarian history of European government.
As to if there is some other meaning behind the intentional misspelling other than it being a coincidence I do not know, maybe some sonic veteranos can explain this, I am from the post-ATL era.
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Today Rap music is the Lakers
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