racist ideology, but also reject systemic policies intended to fix institutional racism. Cultural Cultural racism manifests as societal beliefs and customs that promote the assumption that the products of a given culture, including the language and traditions of that culture, are superior to those of other cultures. It shares a great deal with xenophobia, which is often characterized by fear of, or aggression toward, members of an outgroup by members of an ingroup. In that sense it is also similar to communalism as used in South Asia. Cultural racism exists when there is a widespread acceptance of stereotypes concerning diverse ethnic or population groups. Whereas racism can be characterised by the belief that one race is inherently superior to another, cultural racism can be characterised by the belief that one culture is inherently superior to another. Economic Historical economic or social disparity is alleged to be a form of discrimination caused by past racism and historical reasons, affecting the present generation through deficits in the formal education and kinds of preparation in previous generations, and through primarily unconscious racist attitudes and actions on members of the general population. Economic discrimination may lead to choices that perpetuate racism. For example, color photographic film was tuned for white skin as are automatic soap dispensers and facial recognition systems. In 2011, Bank of America agreed to pay $335 million to settle a federal government claim that its mortgage division, Countrywide Financial, discriminated against black and Hispanic homebuyers. Institutional Institutional racism (also known as structural racism, state racism or systemic racism) is racial discrimination by governments, corporations, religions, or educational institutions or other large organizations with the power to influence the lives of many individuals. Stokely Carmichael is credited for coining the phrase institutional racism in the late 1960s. He defined the term as "the collective failure of an organization to provide an appropriate and professional service to people because of their colour, culture or ethnic origin". Maulana Karenga argued that racism constituted the destruction of culture, language, religion, and human possibility and that the effects of racism were "the morally monstrous destruction of human possibility involved redefining African humanity to the world, poisoning past, present and future relations with others who only know us through this stereotyping and thus damaging the truly human relations among peoples". Othering Othering is the term used by some to describe a system of discrimination whereby the characteristics