Okay, hear me out. If you read into the games, there's a lot of racist imagery. Lemme talk you through it:
The protagonist and damsel in distress are both Aryan. Both blonde, blue eyes, pale skin. The Hylians and Hyruleans - the people you fight to defend - are all white, and there are a surprisingly large number of blonde people, and relatively few with darker hair.
Hyrule is sometimes referred to as a "realm" - a word that mirrors the word used by the Nazis, "Lebensraum".
With that in mind, it becomes clear that Link serves as the military defender of this realm from outsiders. And all of these outsiders are racially different from Hylians:
Moblins are the clear example. Pig like, large, uncultured, disgusting. They are the visible sign of Hyrule's decay. Ironically, they seem to be a characteriture of the Nazi view of Jews: beastial and inhuman (though if you look beyond the surface, this clearly isn't the case - they are intelligent and have culture). By showing them as the pigs they find "unclean", it shows this minority as being hypocritical and greedy.
The Gerudo clearly reflect Muslims; the women wear viels, they come from a desert nation, and their symbol (in the original version of OoT) is the same as that used by most Islamic nations. Again, ironically, their society is shown to be chronically lacking in men; though able to defend themselves, their inherent femininity represents weakness. They are also shown as terrorists: the Gerudo attack - led by Ganondorf - on the castle, at the end of the "child" section of the game, involves the assassination of the King. They too are power hungry, unsophisticated (they live in an unfurnished cold, barren fortress - their land itself represents a lack of spirit, life, or power).
Link, the Aryan defender of the "realm" fights back all of these defenders, none of whom wield European weapons, instead using those inspired by Asian or Middle Eastern weapons, with his large gleaming weapon, that resembles a Zweihander, but with his enormous strength, he is able to wield it with a single hand. His courage and strength overcomes their greed for power.
So, yeah, that's only a single reading of it - not one that I feel is necessarily correct - but it certainly seems valid, huh?