Populism is no threat to democracy (or a republic), but the political violence we now see, is, and has collapsed civil discourse.
The second Trump administration offers a radical new theory, that the market is made for America, not America for the market.
The elites and media describe populism as authoritarian - an obvious contradiction in terms. In fact, populism, far from being a threat to democracy, supports it.
American populism might alarm the elite but need not alarm anyone else, because the elite have only themselves to blame.