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The AskHistorians podcast called it, in the aftermath of January 6 riots. They did not explicitly compare January 6 with the fall of Roman republic, but explained why the republic fell. The institutions got too corrupt in spite of checks and balances. The concept worked many times and was threatened before, until the breaking point had been reached. Brutus proclaimed he saved democracy after assassinating Caesar, but the crowd booed and heckled him because Caesar was popular and could actually get the job done, unlike corrupt politicians who typically make excuses not to do what the people want, because the elites would not want to ruffle their feathers of their patrons and their own interests.
People are not dumb. If politicians are doing what the people want, populism would never be a thing.
Populism works to get politicians elected because it is nothing more than politicians telling the people what the people want to hear.
Populism has nothing to do with actually doing what is in the best interests of the people, it's about making the people believe that their interests are going to be served.
Populism is getting a bad rap, but more often than not, it is triggered when people feel under pressure from worsening cost and standards of living. If we follow Maslow's hierarchy of needs, the base requirement of security of food and shelter has to be addressed first, before more conceptual self-realisation needs and other abstract ideas are thought of. If you are constantly worried about how to put food on the table, or how to pay the rent, you would not have sufficient time to think more abstract ideas like exploring the nebula, algebra, democracy, rule of law, checks and balances, etc.
Demagogues rile up populism to get into power, because there is genuine frustration among the people on not having their basic needs being met. Needless to say, populism is still democracy. Here in Europe (or in anywhere really), experts have already repeated numerous times that in order to prevent the further rise of far right, just build more houses. But of course politicians don't want that, because they themselves are landlords or have financial stakes in keeping property and rent prices high. Unfortunately, demagogues twist the genuine concerns and frustrations, and exploit the desperate situation people are in to gain power.