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especially so as to distinguish it as inferior or superior to another race or races
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racial differences produce an inherent superiority or inferiority of a particular racial group
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It goes both ways. Believing one race is superior is just as racist as believing another is inferior. Doesn't matter which race is doing the believing.
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Originally Posted by Ibby's friend
Racism is prejudice with power.
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Yet the question of "power" didn't enter into the OED or Merriam's definitions at all, and is only loosely mentioned in tandem with the Macquarie definition. Racism is prejudice based on race. The concept your friend is discussing is "institutionalized racism in America and Europe," which is a very valid and discussable subset of racism, but it does not account for all examples of racism.