I don't think he understands the difference between /being racist/ and /neither working towards nor against, just taking profit of a racist situation created by someone else/
(a) is racism, and needs to be fought directly.
(b) is capitalism, and a whole different story (although one could argue that it should be fought, too, and companies should work for the advancement of society, not just profit)
When he mislabels (b) as (a), he distorts the meaning of racism — same with sexism.
