I have been a professor since 1963 starting at Carnegie Tech in the Graduate School of Industrial Administration. I have taught at Virginia Tech, Texas and Caltech and have given seminars at many universities in the US and Europe and Asia.
The Progs are in the “elite: universities where many of the students are legacies (like the Bushes and Kerry). They grow up to run Wall Street and the business end of the media. The new class of Internet types fancy themselves as equals but they are not.
Read Shamma’s history of the French Revolution, the Citizens. The lawyer class and the local elites that were losing out to the new capitalists led the revolt. The regime was seen by literate Frenchmen as corrupt and weak. But the changes for the better coupled with a wasteful system of tax farming and the Little Ice Age plus the ideas of the General Will rather than the ideas of the English thinkers like Hume and Locke were important components of the revolution. The French Revolution set back the French economy for over 25 years at least.
The Ivy League and Stanford business tycoons and lawyers are going to overplay their hands. Screwing the middle class is a recipe for social distaster.