Most writing I see on this is no better than what you would expect in a fanzine or on Reddit, but this author is a historian (of French Marxism) and his work seems very measured and thorough. So far in my reading, he seems more defensive of Tolkien than not.
[1] https://www.amazon.com/Tolkien-Racism-Middle-earth-Robert-St...
Tolkien, Race, and Racism in Middle-earth[1] has a long section discussing this. Tolkien regarded elves, men, hobbits, dwarves, and orcs all as races of one species, who thus could interbreed.
[1] https://www.amazon.com/Tolkien-Racism-Middle-earth-Robert-St...