I don't see any problem here. Racism existed before capitalism to justify slavery and has a new function after the abolition. In fact, before the abolition, it functioned to divide different oppressed groups, as it does today.

If anything, the meme says that racism was a precondition for capitalism. If capitalism needs racism, of cause racism must be older, otherwise capitalism could not have developed.

I'm gonna go to bed before they arrive. Tell them from me that they suck, please.

What about capitalism doesn't need racism?
Non-Europeans played no role in the European workforce of the industrial revolution and it wasn't less of capitalism because of that. Capitalism works pretty well exploiting just its own ethnic group.