Racism equals money "The rise of the new bed wenches"

The formula appeared in 1970 in Developing New Perspectives on Race by Pat Bidol. Judith H. Katz popularized it in White Awareness: Handbook for Anti-Racism Training. Mary Anne Mohanraj explains it:

“…there’s an alternate and widely-used definition of racism that goes like this: We’re all prejudiced, because we grow up in a racist culture and we inherit those prejudices. But racism is a system of institutional, systemic oppression, and in order to be racist, you need both the prejudice + the power to affect people. By that definition, which a lot of progressives share, PoC (people of color) can’t be racist, because they don’t have any reinforcement from that institutionalized power. We may hold individual racist ideas and thoughts, but we only have the power to do damage with our actions in the rare, brief contexts where our other privileges temporarily override color privilege.”

The problem with that definition is Condi Rice and Oprah Winfrey have far more power than any homeless white guy and almost everyone else in the USA.