Finally, people alive today who were direct victims of institutionalized racism should be compensated individually. However, I take issue with the idea of assigning benefits or penalties based on factors beyond an individual's control, such as one's ancestors' or genetic makeup. If the idea is to help less fortunate people, we should develop programs that help less fortunate people, regardless of their genetics or ancestry.
Also, I doubt that there is any place on earth that is colourblind and somehow race is not a problem. And no, "nobody speaks about it =/= the problem does not exist. Most countries have some issues with race, are largely homogeneous (sometimes despite spending decades brutally exploiting countries with other races a century or two ago), or have a long-running kerfuffle with some local minority.