I'm interested in starting a pleasure project: a fantasy story, along the lines of a witch delivering a prophecy to a king about a dangerous and deceitful foe who will overthrow him, and the king enlists three other witches to seek out and destroy this foe.
I want to draw on traditional, arguably "cliché" (?) fantasy species, like elves, orcs, goblins, dwarves, faeries, etc. However, I realize that many aspects of these races contain hidden racism--blonde-haired, blue-eyed, white elves that are completely superior, barbaric orcs with dark skin who just happen to be the only race that wears dreads/braids, banking goblins with hooked noses that totally aren't Jews.
How can I involve some of these older elements, while leaving behind the racist subtext some of them carry?