In the wake of the Brexit vote and the 2016 American presidential election, the idea began to circulate that we were witnessing a trans-Atlantic, populist “revolt against the elites,” which had spontaneously arisen from populations whose concerns had, for too long, gone unheard by those in power. Longstanding economic problems regarding income disparity and wealth—left unaddressed by both sides of the political spectrum—are indeed among the most pressing issues that we currently face. But as has been observed, the first half-year of the new U.S. presidential administration, with one of the wealthiest cabinets in American history, calls into question the validity of the “populist” interpretation in the U.S. context. The failure of this theory has in turn exposed a gap in our ability to conceptualize what actually happened during the U.S. election, what is unfolding before us, and how we got here.

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