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This article explores the reasons for the recent populist assault against elite academic institutions in Hungary and Turkey. After exploring the literature on populism, social mobility, and social pluralism, it focuses on the modalities of the attack against two elite academic institutions established upon the U.S. liberal arts college tradition, the Central European University (CEU) and Boğaziçi University, respectively, and its implications for Hungarian and Turkish politics. Two arguments are put forward: First, such attacks have emerged in the context of a populist narrative against institutions facilitating social mobility. Social mobility undermines the "us versus them" populist narrative where the masses are permanently placed on the "losers" side and therefore depend on the charismatic populist leader. With social mobility facilitated through high-quality academic institutions, these "losers" have the chance to improve their material and non-material well-being through education. Second, these institutions promote social pluralism and critical thinking, cultivating a mode of reflection that contradicts the simplistic populist dichotomies and opposes democratic backsliding. [ABSTRACT FROM AUTHOR]