Nope, populism is based on doing what's best for the people, not the elites.

Modern "liberal democracy" is based on three myths.

The myth of "liberal" politicians like Trudeau, Obama and Clinton.  They are neoliberal globalist corporatists. Nothing "liberal" about them except their love of identity politics and taxing average people.

The myth of "experts" who are "competent" and "professional".  Experts are only competent and professional at being wrong, time and time again. Yet, we the people, are expected to bow down and listen to these charlatans.

The myth of "free trade".  There is no such thing. "Free trade" destroys the jobs and businesses of regular people and rigs the economy in favour of the elites.

Populism leads to great ideas and even greater policies. And Trump is the confirmation of that reality.