This article presents some key ideas concerning populism and the theory of the marxist class struggle. The article contains a critical analysis of three aspects of populist political elites. In the first chapter I argue that populist elites bring back the class struggle into political scene and into political language of the capitalist mainstream. Therefore the old liberal hegemony looses political ground partially because it failed to provide a valid class theory. In the second chapter, following the thought of Jean Baudrillard, I argue that the populist elites use the anti-terrorist rhetoric previously owned and created by the liberal elites from the era of the successful neoliberal-globalist hegemony. The main difference being the populist elites use it to fight internal „enemies of the people”. In the last chapter I present the theory of value as seen by populist elites: concerned mainly about their political domination they try to establish control over labor and social spending. They do not share the labor theory of value but view it as a means established mainly by the political power.
