There is no doubt that in the US in a lot of universities graduate students are a cheap workforce that reinforces corporate interests through research that is funded by them to sway public opinion in certain directions.
To some extent this is due to the sheer amounts of money that flow into academy and the amount of money that you need to stay competitive. So you can't piss off your patrons.
For a long time at least the fact that graduate students in europe received a steady subsidy that is enough to comfortably live and universities received fixed amounts that are not dependent on industry push allowed universities to stay independent for the longest time. Although that too is changing.
There is a fair share of critique on the latter system, but in general it allows for more independent research institutions.