Absolutely -- in fact not only were the populist less intolerant than their opponents but also were one of the rare post-Reconstruction multi-racial movements (Hofstadter didn't realize their were black populists). It's the crushing of populism that empowered Jim Crow.
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Yes, that’s one meaning and liberal elites use that probably much more than “fascist” (although even to put “rightwing” in front if it changes the meaning.” But often in, say, the Times, “populism” = just angry rhetoric white people in MW diner like. So negative, but also fatuous
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