On the surface, the inclusion of "Big Time" should be no surprise: song title, done. But this is a satirical song about a small-time guy's misguided plan to hit the titular "big time," and what he will do when he gets there. Satire is usually an anti-fascist weapon, and this song is skewering, of all things, grand ambition. So it's a legitimate question: Is this song fascist?
Yes, for two reasons. First, the narrator is meant to be an object of derision, and his delusional aspirations are understood by the savvy Gabriel and the savvy listener to be unrealistic. In other words, the concept of a small-time hustler getting a big house and bank account is presented as laughable, and that's fascist as hell. Second, if you were to give credence to the protagonist or if he were somehow to exceed expectations, his rise to the "big time," as he envisions it, would be abjectly terrifying. In his telling, he would eschew his yokel hometown friends, forsake his convictions to pledge fealty to a "big God" (probably money), and rake up material possessions, his "eyes getting bigger" all the while. Soulless success built upon the destruction of customs is a fascist fairy tale.
What is fascist music?
In Dave Marsh's 1979 review of Queen's Jazz, he wrote, "Indeed, Queen may be the first truly fascist rock band." No other word so neatly expresses supremacy of the powerful and devaluation of the individual.