Evan was an aggressive, rich, and determined businessman originally from a working class family. He had become wealthier than he had ever imagined by buying and selling other businesses. Evan seemingly could do anything until he tried a hostile takeover of an established bank owned by several prestigious families. When his bid failed, Evan said, "I always knew there was an elite, but up to now I thought I was a part of it." What type of capital was Evan lacking?

Question

Quizplus · Accepted Answer

Evan's comment about being a part of the elite implies that he believed he shared the same cultural capital as the prestigious families who owned the bank, but his bid failure suggests otherwise. Therefore, it can be argued that he lacked cultural capital, which refers to the non-financial assets such as education, social skills, and cultural knowledge that are necessary to navigate within elite circles.

Evan Was an Aggressive, Rich, and Determined Businessman Originally from a Working