If anything, it reflects a greater degree of logical rigor:
1) It's commonly taken as a simple fact that overrepresentation of white people among e.g. the top hedge fund managers is evidence of society being structured in those people's favor
2) Jews are way more overrepresented among top hedge fund managers than non-Jewish whites
3) ...
Obviously the missing piece here is that (taken as a whole; obviously "Jews" comprises many different groups) Jewish people, on average, are culturally and genetically predisposed to success in intellectual fields. However, if you notice this but grow up in a climate where cultural and genetic reasons for group success are verboten, the nefarious explanations are the ones left.
1) It's commonly taken as a simple fact that overrepresentation of white people among e.g. the top hedge fund managers is evidence of society being structured in those people's favor
2) Jews are way more overrepresented among top hedge fund managers than non-Jewish whites
3) ...
Obviously the missing piece here is that (taken as a whole; obviously "Jews" comprises many different groups) Jewish people, on average, are culturally and genetically predisposed to success in intellectual fields. However, if you notice this but grow up in a climate where cultural and genetic reasons for group success are verboten, the nefarious explanations are the ones left.