I was thinking of that case where the cave guy trying to rescue those Thai schoolchildren was called a 'p€do' by Elon Musk but unfortunately horrible Elon won that case
Both terms are heinous and can permanently damage reputations and end careers, whether used correctly or not. LF was flinging baseless labels at them to show how clever he is! how woke he isn't! how hypocritical those numpty snowflake lefties are!
We can't say for certain that Fox is a racist. Only he can know if he's a racist. But if he's not he's doing a damn good impression of one.