Disrespect to Indians

I wonder how Time magazine did allow the article to be published. I just read the news article & the content seems to be really worse.

"For a while, we assumed all Indians were geniuses. Then, in the 1980s, the doctors and engineers brought over their merchant cousins, and we were no longer so sure about the genius thing. In the 1990s, the not-as-brilliant merchants brought their even-less-bright cousins, and we started to understand why India is so damn poor," Stein wrote in the issue dated July 5.

That is so uncalled for.