Why is socdem considered moderate fascism?

Socdem is bad because capitalism etc etc I understand that, but I saw some people in here saying that socdem is OBJECTIVELY the moderate branch of fascism, which I don't really understand, because most socdems I know just want their basic welfare system, but are far from nationalism, advocating for genocide etc

I know it's still bad but for example in spain I feel there's a big difference between the francoist spain and the socdem wannabe spain, for the better

So please explain, and feel free to call out any brainworms that I might (probably) have shown in here

This could also just be a very funny line, like the "unlimited genocide on the first world" thing, idk

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They want to maintain the same structures to fund their welfare state. That allows those structures to ratfuck the social programmes into nothing and use them as a tool of social control. Because their ideology requires working within the state, when the state and its project are threatened they take its side against the left.