Populism (noun). A novel type of political leadership/political party/political system that developed in the aftermath of World War II and combines electoral democratic politics with opposition to modern liberal institutions. Minimally defined: Democratic illiberalism.
Populist (adjective). The term applies to modern political leaders, political parties, and political systems that abide by electoral democracy but disrespect liberal institutions and challenge established constitutional legality allegedly for the benefit of the ordinary people.
While you are here, learn how to distinguish populism from nativism.
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