If I remember correctly the term wasn't originally an anti-white pejorative, but an anti-American pejorative used by the English upper-classes to describe the oafish, backward-thinking colonists. I don't think it carries much weight as a racial slur anyway, mostly because its use is more often met with confusion than consternation.
That said, This Troper lives in a country where neither this term, nor the Afro-American equivalent carry little clout except in an odd way: None of peeps here that are of European descent feel comfortable using the N-word, yet for some reason it is considered all right for the indigenous peoples (of which I am part) to use the term, and that is simply because we have darker skin. I don't understand this attitude at all considering that we originate from South East Asia and have no connection whatsoever with Africa.
Racial politics are a minefield in a junkyard.
That said, This Troper lives in a country where neither this term, nor the Afro-American equivalent carry little clout except in an odd way: None of peeps here that are of European descent feel comfortable using the N-word, yet for some reason it is considered all right for the indigenous peoples (of which I am part) to use the term, and that is simply because we have darker skin. I don't understand this attitude at all considering that we originate from South East Asia and have no connection whatsoever with Africa.
Racial politics are a minefield in a junkyard.