Earlier quoted context omitted.
Isn't it increasing argued that the dictionary definition of racism is only one possible definition? I've heard it stated many times that the newer excepted definition involves the traditional aspect of racism coupled with the component of power. That is to say that racism is prejudice plus power. As an example, a minority in the US may be prejudiced or bigoted, but they cannot be racist since they lack the societal…
What you're referring to the as the "traditional aspect" is #3 in the linked page. #3 coupled with power is #2 in the linked page.
I'm not very smart though so you should keep that in mind, I could be totally off base here.