What's wrong with White Privilege? White privilege is bad because it harms all of everyone.
Also, it isn't just "white privilege", but "white, male, married, protestant, upper-middle class, straight, moderate conservative privilege". It isn't just who oppresses whom, it is about the dominant social and cultural "narrative". We seem to be hard-wired into the process of "othering". The dominant group is the default group, generally trustworthy, rational and moral. Everyone else is difficult to trust, (they might become mindless violent savages trying to steal or destroy privilege), irrational, (they think differently, otherwise they would choose to be as similar as possible to privilege), and immoral, (their view of right and wrong is different than what is trustworthy and rational). I think you said it yourself in an old thought-provoking post, when you are treated as someone with low morals, you tend to not care too much about being moral. I've found that, in general, those pushed out to the fringes of society are often as moral, if not more, or have greater integrity -- maybe because they don't get the trust-illusion to hide behind. In general, people expect them to explain themselves, or submissively accept their discounted character.
I like to submit myself to my own personal experiences, because I don't trust society and I want to see reality for myself. I think it is so pervasive, we can't really see outside our experience. It takes years of deliberate manipulation. At one point, I was living as a minority in a foreign country. During Christmas time, most people would leave and I was the only white face around. I once woke up in the morning, looked in the mirror, and probably for the first time in my life saw my face the way the it really was. The bony facial structure, pale skin, wispy hair. I had already gotten used to local faces so I didn't see them as "different" anymore. I thought maybe it was a weird hallucination, but last week I read about an fMRI study which confirmed that our brains automatically warp faces to fit stereotypes. Other studies show that we tend to bias our interpretation of facial expressions positively for whites and negatively for non-whites. I used to go into bidding conferences for government contracts in that country. I noticed a distinctive bias against locals and favoritism toward my company, once they saw my face. They automatically assumed I was more honest and skilled than locals before they knew anything about me.
I have two daughters with a Chinese woman, so they are considered "mixed race". My youngest, however, can easily pass for white. They once asked me what race they were. Their friends would go into shock when they saw their mother, and then they would find themselves pushed out to the "Asian table" at their school cafeteria, (and they were treated as "practically white" by them). I see them struggling to define who they are in a black-and-white society. My youngest went to Beijing to work for a few years, then came back and is going to school in North Dakota. My eldest relates to both privileged groups and minorities volunteer aid groups.
Even if we don't deliberately oppress them, it harms those who have been "othered". Society doesn't trust them and sometimes comes up with long, complicated, ways of keeping them out of privileged groups subconsciously. If you raise a kid, always telling him he is stupid, then he will act that way, not bother to get an education and bypass opportunities. I was reading a commentary on a study on the gender wage gap. "If it were true that women are willing to work for less, then a company could make a lot of money by only hiring women", went the argument. The study said that women were less likely to ask for a raise, or try to negotiate for a higher salary. Companies usually have a pay grade/salary scale that isn't related to gender and most try to close the gap as much as possible. Even if you get into problems like gangs and crime in the inner cities, you find out the problem isn't as bad as it is portrayed, it is more of a confirmation bias. We ignore violent organized activities in privileged groups, emphasize the same behavior in "other" groups, and that makes us associate crime and violence with those areas, if we didn't already grow up there. But I think that starts a vicious circle and it is that perception that perpetuates the evidence. Remember when Katrina hit New Orleans, when CNN saw black people carrying things, they were "looters". When white people carried things, they were "salvaging". Even more recently, (in post-racist America), I watched the protests in Furgeson and heard CNN reporters, (even non-whites), saying that the protesters should essentially be more submissive to authority so they would be taking seriously.
The psychology of "othering" and privilege is harming society and the economy. Would you rather live in a Brazilian slum or Beverley Hills? As a business owner, investor or worker, you rely on a strong economy, so you rely on wealthy consumers. It is to your advantage for people around you being as well off as possible, so why would you want them to be poor and powerless? That's why I am fond of the philosophy of "Ubuntu", or "win-win", if you want the western equivalent. Yesterday, I was watching some videos about morality in animals and was surprised about one study in which a chimpanzee seemed to understand this principle. The test was to give two monkeys or apes a task. In this case, they had to pick up a rock and drop it through a hole. One was awarded with cucumber, the other with a grape, (and monkeys really like grapes a lot more), withing clear view of each other. Eventually the monkey getting the cucumbers started throwing them at the researcher instead of eating them, (the narrator of the video said "there you have Occupy Wall Street"). When chimpanzees were given this test, the one receiving the grapes refused to take any more grapes until the other one got grapes too! Apparently it appeals to their instinctive attitude toward the social benefits of fairness. I can really identify more with that chimpanzee. I was beaten quite a lot in school, which can be emotionally traumatizing, but I moved beyond that by realizing that those who beat me lost more than I ever did. I was the smartest kid in my school and could have helped them get good grades, a good job and everything else they valued. I also realized that the way they treated me wasn't for a reason they could express, but the collaboration of a lot of social and psychological reasons. They came from violent and oppressive backgrounds and was transferring those feelings onto me, in an attempt put me in my "proper" place.
The issue of slavery is difficult to approach. Most of us can probably dismiss guilt in the situation. But the economic advantage is interesting. If we benefited from forcing people to work for no money, then wouldn't we also benefit from people volunteering to work for just a little money, if they are given an opportunity to eventually prosper? I'm surprised when Libertarians are opposed to illegal immigrants. There was a recent example where Alabama created very strict rules on immigration and drove illegal immigrants away. The crops ended up rotting in the field because no Americans would work for such low wages and farm owners couldn't afford minimum wage -- so they ended up forcing prisoners to work the fields to save the crops. It would seem to me that completely open borders with liberal employment would be the best economic option. I would think the ones currently doing the hard jobs could graduate up to managing those workers. From a Libertarian perspective, wouldn't the government forcing employers to only employ citizens qualify as state-sponsored coercion? We seem to be protecting "citizen privilege", and often applying "othering" to a population mostly to justify that privilege. (In a way, I suppose you could say that privilege needs non-privileged minorities to exist).
I'm pretty out on the left, so I think all those attributes we use to divide privileged and non-privileged are socially derived. I don't believe in "race". Sometimes it sounds like people talk as if white people sprang fully formed from a hole in the ice in Scandanavia like a skinny dipping Polar Bear Club member into the world. I'm pretty sure our distant ancestors migrated their from a small group in Africa, so I find the phrase "African American" strange. All Americans ae ultimately from Africa. Again, the default is "white", and anyone else needs an adjective to indicate how they are not the default. I've never been called "European American" in my life, yet we are more deserving of an adjective to describe which area our ancestors originated then most others. Asian American is horribly vague, as it could apply to anyone who can trace their ancestry to anywhere from Turkey and Russia to China and Japan.
But maybe I'm a bit confused about it being all about power. Power comes from privilege. As a society, we ultimately gave our trust and accept the authority of the default group. Americans tend to assume they are "temporarily inconvenienced millionaires", so those who are poor seem to be simply waiting for the right opportunity or have resigned themselves to be victims of some other injustice. Maybe it is the implicit logic that happen to be circular. We expect those who are privileged to succeed and the rest to not even try, so we fall in line with those expectations. Sometimes we expect the privileged to lend a helping hand to the others, but not to equal or succeed themselves. It is easy to exploit privilege. If you only pretend to be wealthy and in power, people give you things. If you are not privileged, then you have to be overtly polite and submissive to get anything. I knew a British "Lord" in Indonesia. He got invited to dinners with the World Bank and ran a society of telecom engineers -- despite being broke most of the time. I guess I see power and wealth as a tool that society has voluntarily handed to the group they think they ought to trust. I've toyed with the idea of a world without any monetary system at all, (money demands implicit inequality and unfairness -- like cucumbers and grapes), or one where the power system is recognized to have been in in the hands of the majority of society and nature all along. I would meditate while gardening on the implicit economic system, free water and sun from the sky, that I neither owned nor paid for, some soil and seed that was basically thrown away, gives me a reciprocal exchange of food for labor and keeping the system going. I feel a bit strange being in such a dirty and subversive socialist system and how it could have been applied to all of humanity.