"In principle, the US government represents the will of the people."

I think US government has always represented mostly the rights and benefits of native capital.

There is nothing wrong with this, IMO, just as long as it is understood that where in Europe the nationalistic movements which picked up their wind from the US and French examples, thus leading to the modern nation states, where fueled by popular sentiment, the US independence was a semi-private project by an oligarchic clique.

Note: taking care of native capital is one of the best recipes for power and independence, which then facilitates all sorts of nice benefits for all around, but it's not everything that is required for building a good life for all.