In the context of white supremacy
"... Let it be made clear that Zionism's problem is not that it is Jewish nationalism, per se, but rather a form of ethnic supremacy in thought and action. And more than that: a form of European supremacy to boot. After all, there were Jews who had remained in and around Palestine continuously for millennia, without substantial conflict with their Arab and Muslim neighbors. Likewise, many Jews lived under Muslim rule in the Ottoman Empire, where they received a generally warm reception--far better indeed than the treatment received from Christian Europe, which expelled them from one place after another.
These Jews, unlike the European Jews who sought to displace said Arabs from their land, lived there peacefully and sought no grand designs for "Greater Israel." They did not create Zionism, nor lead the charge for the development of a Jewish state. For that, it took a decidedly Western, European and frankly white Jewish community. The Jews who were most indigenous to the land of Israel, or those of Africa, or the rest of Asia Minor -- in short those who were most directly Semitic peoples -- were never the problem. Nor indeed was their faith. A decidedly colonial mentality, itself an outgrowth of European thought and culture from the late 1800's forward, was the fuel for the Zionist fire. Zionism's problem is that it is a form of white supremacy and Western domination.
And like all derivations of white supremacy, it neglects one of the most obvious ironies of all: namely, the close genetic relationship between the dominant and the dominated; the reality that the oppressor is oppressing family. As recent research has demonstrated, there is no significant biological difference between Palestinians and Jews in the Middle East. Any Jew with Semitic roots is, in effect, Arab--for whatever that's worth. All of which is to say that Zionism and its effects, by virtue of its immiseration of the Palestinians, is perhaps the most profound and institutionalized form of anti-Semitism on the planet today."
- source: http://www.zmag.org/content/Race/wisesemitism