Not a phony issue. It does exist,  and is serious when it does.  It's just been diluted to nothingness by people crying Wolf all the time. If you don't know how to think logically, or present your ideas, just cry Racism and you have an excuse not to.

Of course that's hugely disrespectful and harmful to the victims of real racism, but as long as you never admit that to yourself, you're fine.