The reality is that liberals have been "against racism" for a long time, have never done anything to make society more equal, and that the formulation of white supremacy is just as useful to them as the old ones. It's a pseudo-radical critique that will lead to more of the same.
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I'll do you one better: it's a belief invented by the US ruling class. It specifically arose to justify slavery in the face of democratic reforms of the federal government. It served their interests as the ruling class. It did metastasize, but in Germany, almost a century ago.
Even then it didn't do away with class society or the wage relation, just attempted to redraw the lines between classes. This attempt failed. There was no empirical basis for it and it requires way more violence than people are comfortable with in light of that
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The remaining formal vestiges of white supremacy were done for after the Civil Rights Movement. The ruling class must approach its subjects as workers. If it gives the ruling class an advantage that a particular subject is white, he is. If not, it will not protect him.
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