America still has a race problem, though not the one that conventional wisdom would suggest: the racism of whites toward blacks. Old fashioned white racism has lost its legitimacy in the world and become an almost universal disgrace.

The essence of our new "post-modern" race problem can be seen in the parable of the emperor's new clothes. The emperor was told by his swindling tailors that people who could not see his new clothes were stupid and incompetent. So when his new clothes arrived and he could...