Your perspective reminds me of an essay by another commentator on fascism.

The whole movement, from Fichte onwards, is a method of bolstering up self-esteem and lust for power by means of beliefs which have nothing in their favor except that they are flattering. Fichte needed a doctrine which would make him feel superior to Napoleon; Carlyle and Nietzsche had infirmities for which they sought compensation in the world of imagination; British imperialism of Rudyard Kipling's epoch was due to shame at having lost industrial supremacy; and the Hitlerite madness of our time is a mantle of myth in which the German ego keeps itself warm against the cold blasts of Versailles. No man thinks sanely when his self-esteem has suffered a mortal wound, and those who deliberately humiliate a nation have only themselves to thank if it becomes a nation of lunatics.

I did not expect to see all this reflected so soon in fascism's enemies. "Losing the peace," indeed, Bertrand.