I also think the hatred of elite and media is underestimated.
And yet Trump IS the elite, and Fox IS the media.
So that's not straightforward.
And actually we've seen some of that in the UK, where some Brexiteers' language was about hatred of some despicable elite... until they wanted Boris Johnson in, and then he was born to rule.
So the words "elite" and "media" get thrown around as hate signals, but they don't correspond to reality.
Other than despairing (or shrugging) at the way smoke and mirrors have replaced observable facts, I'm not sure how to think usefully about that.