The populist rant about greedy banks that is being loudly ventilated in Congress is a distraction from the true causes of the crisis. The dire condition of America's financial markets is the result of American banks operating in a free-for-all environment that these same American legislators created. It is America's political class that, by embracing the dangerously simplistic ideology of deregulation, has responsibility for the present mess.
Every campaign, Garry Wills once wrote, "taught Nixon the same lesson: mobilize resentment against those in power." History taught the same to many conservative and reactionary populist movements, whose real attitude to those in power and authority was one of a servile, envious, vicarious adoration.christopher hitchens
Fascism is a genus of political ideology whose mythic core in its various permutations is a palingenetic form of populist ultra-nationalism.