One thing that's important to point out is that this kind of populism has a long and mixed history. It's part of this tradition of problematic anti-elitism where the elites are always the liberal class - the intellectuals, the professors, the artists - and not the economic elites. Why are we so mad and aggrieved at newspaper editors but not at corporate executives? I think we need to look more at the latter, at economic elites.
Napoleon: You have written this huge book on the system of the world without once mentioning the author of the universe. Laplace: Sire, I had no need of that hypothesis. Later when told by Napoleon about the incident, Lagrange commented: Ah, but that is a fine hypothesis. It explains so many things.