“...economic populism...”
Whatever that is. Sounds like an alternative definition of socialism to me. I’ll buy that: socialism has brought nothing but penury and misery wherever, and whenever it has been implemented.
Same old enemy. Shiny new name?
Populism is a bottom up movement and it does lean to socialism. But, if populism is implemented from the top down, it is socialism.
The dems ultimately harnessed the agrarian populist movement. FDR, the New Deal, 50 years in power, an explosion of regulatory law(aka regulatory takings). Socialism.
Eventually, the cultural populists split from the dems and went to the GOP, which the GOP rode to power and tried to roll back the New Deal.
Now, the cultural populists are dis-satisfied with the GOP and are leaning back to the dems. Many democrats say that they are on the verge of a New New Deal.