"intelligence is genetic" and "intelligence is heritable" are completely different statements. The notion that IQ is fixed and encoded in genes is nonsense. What is true is that for a given environment, the variation in observed IQ is strongly explained by genetics. It is possible, and likely true, that lower intelligence among minorities is caused by the environment, but that the variation among those in this environment is explained by genetics.

The fact that intelligence is heritable says nothing about social-economic policy for changing the environment. It is as absurd as saying that because "height is genetic" there is no reason to worry about malnutrition.