Populism may be collective irrational exuberance, not class reaction.

Evidence

Indeed, even in the cautionary tales of Greenspan and economists Akerlof and Shiller, which we encountered in chapter 1, populism may well emerge as a collective expression of the publics’ own ‘“irrational exuberance.” — Aris Komporozos-Athanasiou, Speculative Communities, 489

Categorization

• XREF: connects to: Right-wing populism today is swarm politics, not mass fascism. — Arthur Borriello and Anton Jäger, The Populist Moment: The Left After the…, 32