The problem with racism is that exists but I don't think genetic pays as much a role.
Let me tell you a bit of history before the the Discovery of the New World. Europeans had no work ethic they used to work like the peons in the field. They were all sweaty and working the land it was a time when the silk road connected Europe to the Asia, and the Middle East made a lot of money charging Europeans for the use of the silk road.. The Enlightenment period brough Europeans out of the dark ages. During this enlightenment period capitalism came into being. That's around the 16 and 17 century. What America fears is other nations developing because this will cut into the pie of wealth and make other people prosperous but of course it stakes a willed Nation to be prosperous. nations are making up to capitalism.