White privilege is a symptom of institutional racism.  The things often associated with 'white privilege,' like access to healthcare, access to higher education, and the right to a fair trial with fair outcomes are not privileges; they are rights. If those rights are being meted out to white people but not black people, that is racism, not 'white privilege.' White privilege does not exist, it is only confused with class and monetary privilege. 
White privilege is real because white people do not experience racism or face any struggles due to the color of their skin. The lack of any struggle because of their skin color grants them access to better resources and opportunities. Such access gives them power and privilege over people of color. 
[P1] What we call 'White privilege' is just another term for racism. [P2] White privilege is a redundant and pointless term.