Trumpism, Neoliberalism, and the Abandoned Majority

In the ongoing battle between Trumpism and neoliberalism, much of the mainstream narrative paints these forces as diametrically opposed. In reality, while they clash on culture-war rhetoric and political branding, both camps operate in ways that protect entrenched wealth and power—especially within higher education.

Trumpism, with its populist veneer, frames itself as a rebellion against “the establishment.” Yet Donald Trump’s policies in office—including massive corporate tax cuts, deregulation favoring billionaires, and the rollback of labor protections—aligned closely with neoliberal orthodoxy. His administration stacked the Department of Education with for-profit college lobbyists and dismantled borrower protections, leaving indebted students vulnerable to predatory lending.

Neoliberalism, as embodied by centrist Democrats and much of the university establishment, champions “meritocracy” and global competitiveness, but often functions as a machine for upward wealth transfer. University leaders such as Princeton’s Christopher Eisgruber, Northwestern’s Michael Schill, Harvard’s Claudine Gay, Stanford’s Marc Tessier-Lavigne, Texas A&M’s M. Katherine Banks, and reformist chancellors Andrew Martin of Washington University in St. Louis and Daniel Diermeier of Vanderbilt oversee institutions that cut faculty jobs, outsource labor, and raise tuition, all while securing lucrative corporate and donor partnerships. These leaders, regardless of political branding, manage universities as if they were hedge funds with classrooms attached.

In both cases, the non-elite—students burdened by soaring debt, adjunct professors lacking job security, and underpaid university workers—remain locked in systems of extraction. Trumpist politicians rail against “liberal elites” while quietly protecting billionaire donors and for-profit education interests. Neoliberal university leaders publicly oppose Trumpism but maintain donor networks tied to Wall Street, Silicon Valley, and global finance, reinforcing the same structural inequality.

This false binary obscures the shared economic agenda of privatization, commodification, and concentration of wealth and power within elite institutions. For the working class and the educated underclass, there is no true champion—only differing marketing strategies for the same system of exploitation.

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Sources

• Henry A. Giroux, Neoliberalism’s War on Higher Education (Haymarket Books, 2014)

• David Dayen, “Trump’s Fake Populism,” The American Prospect

• Jon Marcus, “The New College Presidents and Their Corporate Mindset,” The Hechinger Report

• U.S. Department of Education, Office of Federal Student Aid, “Borrower Defense to Repayment Reports”

• New York Times coverage of Claudine Gay, Marc Tessier-Lavigne, Michael Schill, and M. Katherine Banks’ administrative records