Racism has ultimately two logics – that of exclusion – the ultimate form of which is genocide; and that of exploitation, the ultimate logic of which is slavery. However, in most concrete historical situations these two logics are practiced in a complementary way.

from

http://www.opendemocracy.net/nira-yuval-davis/anti-semitism-islamophobia-or-racism-anti-jewish-and-anti-muslim-racisms-and-questi

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