More or less, yes. It's the satisfaction that comes from power.

The main ingredients of fascism are fear (urgency) and a desire to reclaim a power once held, like in a birthright sense. A result of this is that the power they hold now is a result of the fear they've fostered, which means they quite literally cannot survive people becoming unafraid. There must always be a group of people to hate, even amongst each other, or the kingdom they've built vanishes.