Drawing on Modernity/Coloniality/Decoloniality scholars, I suggest that critiques of neoliberalism in European higher education also need to grapple with issues of coloniality. While the chapters in this volume zoom in on European contexts, their analyses have much wider relevance. Neoliberalism is a global process, where universities are key factors in ‘globalizing knowledge capitalism’. At the same time, these universities are also characterized by epistemic colonialism, where only certain kinds of Western epistemologies are consecrated as ‘properly scholarly’ ways of knowing, and other ways of knowing are delegitimized. I outline how this process of delegitimization has come about through examples of the fate of different ways of knowing in contact with Western universalizing epistemologies. Due to the intimate relationship between capitalism and coloniality, I argue that in order to address the issues raised by the neoliberalisation of universities, it is necessary to simultaneously address the epistemic coloniality perpetuated by such universities.