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It's really a difficult topic to discuss, because it's almost inevitable that the findings are picked up by people who leave the academic realm and instead either misinterpret them and/or draw the wrong conclusions, because of political or social agendas and or the need to confirm the own view. That happens both on the side of racists and "political correctness" advocates.
There was an interview with an expert I read the other day, who claimed many studies suggest there are indeed significant race differences when it comes to the IQ on average. IIRC, in America, the average IQ of Jews was 108, East Asians 106, whites 103, Hispanics 89 and African Americans 85.
But what does that tell us? Basically nothing. It doesn't answer the question how much of it is genetic, and how much is nurture (studies seem to suggest the influence of genes on IQ is at ca. 58% -- which leaves a lot of room for improving nurture factors). It doesn't allow any conclusion regarding any given individual, as these numbers are just average IQs (there are still many blacks with IQs of 130+ and many East Asians with IQs below 70). And even if it was possible to draw conclusions on entire racial groups, that still doesn't mean there was any justification for different treatment of these groups, right?
Yet racists draw these conclusions. And PC advocates attack these studies and the experts, because they think asking these questions is racism already.
You are correct in your basic argument, that treatment shoud never be based on race/ethnicity, but surely treatment can be based on the IQ factor (or any other measurable difference) alone. It is simply silly to waste limited resources placing folks with very low IQs in higher education facilities over those with higher IQs. Just as it would be silly to expect small, short, fat folks to excel at basketball. In our quest for "diversity" we now try to invent "standards" that mask diffferences in ability rather than simply admit that their are, indeed, limitations to any given individual's abilities.