Summary of Olúfẹ́mi O. Táíwò's Elite Capture

Please note: This is a companion version & not the original book.

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#1 Frazier’s 1957 sociological study of the Black middle class, Black Bourgeoisie, was immediately controversial. It accused the Black middle class of being an insecure and powerless group constantly constructing a world of make-believe to deal with an inferiority complex caused by the brutal history of racial domination in the United States.

#2 The Black middle class of America, in Frazier’s view, was a powerless group constantly constructing a world of make-believe to deal with an inferiority complex caused by the brutal history of racial domination in the United States.

#3 The Black middle class is a powerless group constantly constructing a world of make-believe to deal with an inferiority complex caused by the brutal history of racial domination in the United States.

#4 The Black economy myth has been circulating for over fifty years, and it’s always the same: a handful of Black elite businesspeople and media figures sell the idea that if we could only get our collective purchasing power, we could get rid of racism. But the real reason they push this idea is because they want to get rid of taxes, regulations, and the other mechanisms of white supremacy that protect their own power.

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