While it is true that Ebay is a private organization that can choose to do business in any way it sees fit, there are some things to remember. One has to consider how ethical it is to change your business policy to appease one voice, while completely excluding another's. True, you can find many items on Ebay that are "offensive" to someone. However, to be offended, you first have to deliberately search for these items! So, if these items offend you, wouldn't you be better off just not to search for them?
Who's to say what constitutes "offensive" material? If I were Muslim, wouldn't I find Jewish items offensive? If I were white, wouldn't I find black items offensive? If I were Christian, wouldn't I find satanic items offensive? What Ebay has done has not been done in an "equality" sense. It has essentially put out a message that Ebay itself is both racist (against Whites) and not an "open" community for all! If you notice, the items being banned are not Black Power, Jewish, Muslim, Christian, Chinese, etc...The majority of items being banned relate directly to White history.
A thought to leave you with....You cannot have diversity & equality, if ALL viewpoints are not equally represented!