There is a logical underpinning to the Trump phenomenon, and it goes like this: In a crisis, people will pay anything to obtain security. If you want to sell them, you need to panic them so they don't notice that you are gouging them.
That has been the Republican approach to polit-economics for 50 years. Trump is just the denouement.
Fear mongering is a distinct aspect of the system. Agreed.
Another is promoting inequality in access to education - and encouraging ignorance - so that those you want to frighten are easily had.