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Without wading in too far here, I want to point out that picking a slightly different "master race" is no better.
Except that there's nothing there to imply that we should ever do anything the Nazis did, even if you substitute one group for another, because racism is still stupid even if you can find a statistical correlation between some set of phenotypes and some arbitrarily defined racial group.
Remember "the differences within a race are larger than the differences between races"? Still true.
All it does is provide a possible explanation for aggregate statistical measurements. It tells you nothing about any individual of any race and it justifies no policy of taking race into account when evaluating merit.
Just because a thing correlates with another thing doesn't mean the first thing is the second thing. The real problem was that if you measure "race" instead of intelligence, and consequently did not hire a black person who was just as intelligent, that's not fair. It's racism. If you're measuring intelligence directly and not using race for anything at all, that's completely different. It doesn't discriminate against all of the black people who are intelligent, which was the original problem with using race.
> In 2007, Dr. Watson, who shared a 1962 Nobel Prize for describing the double-helix structure of DNA, told a British journalist that he was “inherently gloomy about the prospect of Africa” because “all our social policies are based on the fact that their intelligence is the same as ours, whereas all the testing says, not really.”
> Moreover, he added, although he wished everyone were equal, “people who have to deal with black employees find this not true.”