It is no longer socially permissible to use race, explicitly, as a justification for discrimination, exclusion, and social contempt. So we don't. Rather than rely on race, we use our criminal justice system to label people of color 'criminals' and then engage in all the practices we supposedly left behind.
When a politician like Marco Rubio is willing to sacrifice his career defining immigration reform legislation solely to insure that gays and lesbians are denied equal protection under the law, we have to admit that we're under attack. This is not pragmatic politics at work. These are the policies of bias, exclusion and unfairness.
Throughout the industrial era, economists considered manufactured capital - money, factories, etc. - the principal factor in industrial production, and perceived natural capital as a marginal contributor. The exclusion of natural capital from balance sheets was an understandable omission. There was so much of it, it didn't seem worth counting.