From Dictionary.com...
racism
Origin
rac·ism
[rey-siz-uhm] Show IPA
noun 1.a belief or doctrine that inherent differences among the various human
races determine cultural or individual achievement, usually involving the idea that one's own
race is superior and has the right to rule others.
2.a
policy, system of government, etc., based upon or
fostering such a doctrine; discrimination.
3. hatred or intolerance of another race or other races.
I think Speckla is speaking to the 3rd definition.