The cultures of universities worldwide face challenges about globally interconnected aspects of racism. “Texts” (visual and linguistic) communicated through digital technology are among important cultural factors for anthropological investigation of the global diffusion of racist and anti-racist movements. In the US, protests at universities about Israeli-Palestinian conflicts have increasingly involved concepts such as apartheid, racist colonialism (often attributed, though not without opposition, to Zionism), and the like. That conflict has been combined with conflicts about diversity, equity, and inclusion, critical race theory, and "wokeism". This paper argues for an interpretation of these conflicts that emphasizes the causal role of distribution of economic power among various groups in conditions shaped in large part by a global capitalism facing decolonization and ongoing geopolitical re-alignment between Global South and Global North. The changing role of BRICS alliances is part of a new world order in the process of formation. The paper treats racism as a feature of colonialist and capitalist organization, as evidenced, e.g., in "texts" (in a broad sense of the term) that communicate meanings about socially constructed racial distinctions. Africa, Latin America, and Asia (including China and India) present conditions relevant to globalized racism, though the rise of China as a potential new hegemon is of special interest, considering the racialized anxieties of the US and Europe about China conceived as a rival for global power.