> How American Elites ... American elites mismanaged their econom.... All that American elites could ...<p>Populism is the rhetoric that puts "honest normal people" against "bad elites". Left populism is poor or middle class versus rich. Right populism is honest white people versus minorities and globalists. Repeating non analytic phrases that divide people good and bad is the hallmark of good mass propaganda.<p>If you talk to anyone worth talking in the left, like real democratic socialist who reads books (Bernie Sanders), they don't actually believe that rhetoric themselves. They quickly confess that actual democratic socialist don't believe that elites are bad people. It's the system, class structure etc. that imprisons everybody.<p>Left populism is fundamentally elitist and academic tradition. The left believes that masses are stupid and you use propaganda words and phrases to turn them. That's why Bernie Sanders uses words that makes it us vs them. You need emotions to rally the rubes.<p>Right populism is can be elitist too but more often than not it's just vulgar and raw.