I think Bannon is more than fine with big government programs (socialism) for "deserving" populations (nationalism). I don't think he buys into the free market pre-Trump Republican dogma at all, and thinks that it's Trump's responsibility, or at least interest, to take care of his supporters through direct government involvement.
That's literally the ye ol fascist approach of "big corp", with the gov directing industries like subsidiaries of some megacorp. Giant monopolistic corps aren't what the "free market" people envision, even if that's what inevitably result in absence of gubmint to break them up.
Socialism by definition means labor (ie "employee") ownership of industry, which can be confusing because it was never realized in most any of the countries that called themselves socialist. Basically the revolutionary leadership took control over industries and never divvied them up. Capitalist economies which use the term nowadays try to replicate socialism to a minor/indirect degree by providing social securities, as if presuming citizens "owned" some piece of society they can collect a dividend from.
Arguably the fascists also promised benefits to loyalists, but that's to instill loyalty to the fuhrer than any ideological design. Eg. vote trump and we'll send a chunk of that trillion dollar handout to your district.