Would modern day fascism work?

The relationship between government and business would be very different because within a fascist state, big corporations were subservient to the government. They were still private entities, but the state was supreme. In a sort of modern fascism, the huge internationals are kind of above the government and so who serves who would be... well a different dynamic. It's a good question.

The way things are going in the west, some form of Fascism could actually happen. You mean Italian Fasscism - not German Nazism - and this means rule by a strong nationalist state without necessarily a racial aspect.

It could 'work' in the sense that it could be sustainable. If the state was strong enough and maintained a large minority of committed support then it would hold the balance of power. It could also work economically because globalised international free-trade is not an essential organic human development. The market is constructed by man. Whether people would be as affluent is another question.

It wouldn't 'work' in terms of providing good conditions for their citizens because it doesn't need to be responsive to Democratic will. Also you would have a great lack of democratic freedoms and live in fear of offending the wrong person. It would also be terrible for minorities because basing a state on national identity would inevitable exclude some people, even without it being explicitly racialised.

Absolutely.