The best discussions of white privilege are held in the context of a discussion of all the various kinds of privilege. It is well worth discussing the way some powerful psycho-social forces take the form of white privilege. The privilege of being able to escape certain kinds of suffering is a very important privilege to include here. 

But the racializing of the idea of privilege is fraught with distortions, since race itself is a treacherous and ungrounded concept. Some “white” privilege has just been the privilege of being in the majority. All majorities have privileges--in markets and democracies and elsewhere. The downside of the re-racializing of America (by intellectuals) as a means to achieve racial justice is that it reinforces the concept of race as something more than just a tool to expose racism. 

And teachers unfortunately (often through transference) tend to produce white guilt in children who will reject that guilt--and often the whole idea of privilege. Dangerous!