That definition makes no assumption about a groups contribution; as the definition is indifferent of the socio-economic system at hand (free-market, closed market, communal, etc) if the distribution of privilege and goods is different for individuals depending on race then there is a system of racism at hand.
So if 1 racial demographic group does better than another group, and they profit (in some way related to privileged) from this, while the other group does not, how is this racism?