Both of these definitions are from Cambridge Dictionaries Online. According to this, a black person can be racist and/or prejudice, just as easily as a white person. Saying white people have no rhythm is racist. Saying black people are better at sports is racist. These things are also prejudice. It seems that actions are more prejudice, such as locking your doors when you see a black, hispanic, poor, biker, etc. Prejudice can be practiced against any group, black, white, greek (college or nationality), athlete, brainiac, etc. Racism can be practiced against races only. That's my take on the subject. Also, at Dictionary.com, i found the last definition of racism, which makes a lot of sense.
racism, British dated racialism
noun [U]
DISAPPROVING
1. the belief that people's qualities are influenced by their race and that the members of other races are not as good as the members of your own, which results in the other races being treated unfairly
2. Discrimination or prejudice based on race.
prejudice
noun
an unfair and unreasonable opinion or feeling, esp. when formed without enough thought or knowledge
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