To me, this advocacy harks back to Booker T. Washington who made white people extremely happy by supporting the idea that blacks should restrict their aspirations to excelling at manual labor, and the tilling of the soil.
The narrative was full of generalities, and sins of omission; there's a great black middle-class out there whose members are staying afloat. Not all recent black college grads are working at MacDonalds. And it begs the question as to whether a black college graduate is better equipped to survive in a diverse, high-tech, competitive economy than a high school graduate or drop-out, the latter of whom are doomed to working the welfare system, or toiling at minimum wage jobs or engaging in lucrative criminal activity. Plus, just because you are not of college caliber, doesn't guarantee that you and your "uneducated" self will excel in some other venture that will pay well. Of course there have always been successful, self-made entrepreneurs; exceptions to the rule because small businesses have a high rate of failure. Everybody agrees that college is not for everyone. But to imply that college is for no one, is counter-productive. Furthermore, a person can be a literate, self-educated person. I am not impressed by the idea of a well-trained black work force of ignorant people. The mind is a terrible thing to waste.
This is a lecture that's all about "thinking outside the box", the rhetoric of a visionary who inspires nothing but pessimism when he acknowledges the obstacles involved in being unorthodox. The speaker is the antithesis of his ideas about information being preferable to education because the information he doled out was tainted and tentative, and what made the most sense was the historical references which were the result of him being an educated person.
Everybody has a point of view and a theory, and they're entitled to it. The speaker does a competent job of outlining solutions to the problems that he has conjured up.