Yeah, I think this is true.
Which isn't to say populist approaches are never bad. They can be shallow, they can try and whip up a mob mentality.
But, for example, you see people talking about Trump, or the Tories, and say, "They are just doing x,y,z to get votes!
Um - ok It's totally appropriate for a political leader to pursue policy or issues a lot of people want.
Often the unsaid part is that they are the "wrong" people - sometimes that can be too rich, too white, but equally these days it seems to mean to working class, too white. (This is why non-white conservative voters get such nasty rhetoric, they damage the branding for the anti-populists.)