What is "White Privledge"?

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In the United States specifically, the government was established and run by white individuals for hundreds of years, during which the advantage to being a white citizen was so apparent and obvious that it wasn't even really observed at all by most. The concept of "White Privilege" is that we're still under a government and society that still represents the interests of white individuals over those of minorities, even though the "privilege" isn't to a degree in which it used to be. The concept makes sense to me personally, and I recognize that minorities don't get the same benefits from society on average as a white person does. I would hazard a guess that it varies a lot by location as well. What I mean by that is that I'm sure there is a lot more "white privilege" in the bible belt than perhaps a major metropolitan area further north. Regardless, I believe that as the older generations start retiring from positions of power in various institutions throughout the country, we'll see "white privilege" continue to noticeably diminish in our lifetimes.