When left populists rail against elites they are generally referring to economic and political power. Their target is the richest 1% that owns half the world’s wealth: the newspaper moguls, bankers, political donors and corporate lobbyists; Tony Blair, the Clintons, the Bushes, Old Etonians, Old Harrovians, Oxford, Cambridge, Yale, Harvard, Bullingdon. Those people who run things unchecked from a position of absolute and relative privilege that is often inherited. The left believes that the prospects for democracy weaken as inequalities grow and oligarchies emerge which govern in their own interests. Society then operates according to the golden rule – those who have the gold make the rules.
But when rightwing populists focus on elites they are mostly referring to culture. Their targets are filmmakers, actors, lecturers, journalists, “globalists”, spiritualists, scientists and vegans; the Clintons, Hollywood, Londoners, New Yorkers, Silicon Valley, Sussex and Berkeley.
All of those will be in the global 1%. Own a home and a pension in Britain? Global 1% pretty much.