Political correctness is a shambles and a farce - and in the long run will only serve to the destruction of continuing race relations in countries of racial variety. I know that within the UK it is certainly doing more damage than good, with the only sector that seems in compliance with this new way of thinking being the media. It seems you cant say a word against any race, other than caucasian, without the moral outcry of racist accusation being levelled.
However, it is true to say that racism does exist on a fundamental level, but the feeling is certainly becoming more mutual - a view supported by the ongoing acts of terrorism against the western world, to name the obvious example. But in my opinion, this level of mutual dislike between races will only grow as political correctness becomes more and more predominant - and indeed more stupidly farcial.
Just recently, a Muslim leader declared that all true believers of Islam would never betray a comrade of faith by informing the police of terrorist activities they may be involved in. This man, a resident of the UK, has effectively given his blessing to attacks against the west and their ideals. But the media barely batted a proverbial eyelid - I can only imagine the outcry if the tables had been turned and it would have been a white person in a senior position advocating violence against Muslims. However, and thankfully, there have been many cases of other Muslim leaders deploring this mans views - but the damage has already been done.
As a footnote I'd like to add that Im not racist. However, I am disgusted by the approach the UK Government and suchlike take with regards to race relations. With things as they are, it will be Society will make me racist, not the colour of other peoples skin.