Not all fascist regimes were racist. Fascists consider individuals inferior or superior, not necessarily races.
If that's all there were to fascism, then capitalism would be fascism in practice
. After all, the justification for the unequal outcomes in the capitalist mode of production is that some individuals are more 'deserving' of success than others, since they contribute more to the process of production (i.e., by investing capital, by inventing new production methods, and the like). Despite the theoretical
equality of capitalist society, in practice
it implicitly espouses unequal outcomes as being the result of the unequal qualities of individuals.
Of course, fascism is more than this. Its key signature seems to be a rejection of materialism, whether bourgeois materialism or dialectical materialism. It explicitly
espouses human inequality, and does so not on the basis of economic production but on the basis of 'race' or 'spirit' or the like.
"Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." - Marx (Groucho)