White hegemony is still the law of the land.
As in the power structure here in America — and the rest of western civilization — is still dominated by white capitalist values.
For him, this manifests most clearly in the disrespect that Hip Hop culture gets from so many different industries; fashion, design, media, etc. Check out the links below for more context.
Notice that “white capitalist values” has nothing to do with white people making money and no one else. It refers to a system that is Anglocentric by nature, but allows anyone to operate within it as long as they accept the rules.
To help improve the meaning of these lyrics, visit "#NewRules, New Slaves, and the Hip Hop Machine" by SR_thePangloss and leave a comment on the lyrics box