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According to the United Nations, racism is "any distinction, exclusion, restriction or preference based on race, color, descent, or national or ethnic origin which has the purpose or effect of nullifying or impairing the recognition, enjoyment or exercise, on an equal footing of human rights and fundamental freedoms in the political, economic, social, cultural or any other field of public life" (qtd in Racism)…
During the present times, racism is even more pronounced as globalization spans and goes beyond geographical boundaries facilitating the migration and immigration of people with different skin color, culture, religion, and ethnicity in the territories of racists in search of greener pastures. The disparity in economic condition which is often dependent on what a person has becomes a huge determining factor in his acceptance in a racist locality.
The study of Sivanandan gives proof to the importance of economic factors in racism: "Which of these hold sway in a particular epoch depends on the economic system" (Sivanandan 3). As an example we can see how in the period of primitive accumulation the Spanish conquerors treated their colonies such Indians as "sub-homines" enabling them to promote slavery. The discrimination of blacks in the United States can also be directly traced to the fact that blacks posses less or even no material wealth compared to whites. Economic condition is also the reason why Asians are highly marginalized in racists' localities. ...
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