@Don T: Here's the way I see it. It's not that White people don't deserve respect, it's just that we non-White people (as an ethnic Chinese person, I'm not qualified to comment on the general attitudes of other people, only on the general attitudes of my ethnic group) have historically been the target of more racism from Whites. There's still racism against Chinese Australians. I've experienced it myself, and I can probably safely assume that those people, who were White, wouldn't have said those things to me if I was a White girl. But because I'm a Chinese girl, they can be racist to me because I'm not White.
So racism against White people doesn't have the same impact as against non-White people. If I was a White woman, I might get annoyed at insults thrown at me by non-White people, but I'd just blend in as a member of the majority, and so I could go half my life without ever hearing more than a few insults.