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Most research on right-wing populism focuses on the construction of 'the people'. Conversely, I ask how the other side of the populist conflict line – 'the elite' – is discursively constructed. To this end "I examine the debates of the far-right Institut für Staatspolitik (IfS) using Robert Entman's framing analysis. Subsequently, I contextualize the results within the elite discourse of the German New Right. Summing up the results, the IfS states that starting from the student protests in the 1960s and 1970s the elite has become leftist or 'multiculturalist'. Through the elite's hegemony in the media, it exerts a pressure of conformity. While the IfS constructs the elite negatively, it is not anti-elite. By labeling its political enemies as elites, the IfS tries to speak in the name of 'the people'. At the same time, it is elitist argues even for a right-wing elite. In pointing out this paradoxical construction, it becomes clear that the framing of right-wing actors should not be confused with the actual reality. Notably, the IfS's discursive strategy reflects a metapolitical or hegemony theoretical approach that is paradigmatic for the New Right.