More to the point, argues Emma Lindsay, virtue-signalling is the contemporary version of Masonic passwords.  Cut the lady some slack for misappreciating the social lubrication "privilege" refers to, but grasp her argument.
The fact that many liberals expect white people not to use their white privilege betrays a misunderstanding of white liberalism. White people will only surrender the power white privilege gives them when doing so would grant them access to a more powerful type of power — in this case, education privilege. In the modern economy, being college educated (and, being perceived to be college educated) is a necessity to access jobs and fit in culturally in the most powerful sections of society.

Colleges, early hot spots for civil rights and gender equality movements, have developed a language of equality (or political correctness.) People who have graduated college understand how to use this language; people who haven’t often do not. To appear well educated nowadays, you have to believe in the importance of equality of all people, and you need to use language that broadcasts this belief to the world. And, you know, equality is like a good thing or whatever, so it’s not bad that educated people push for equality. However, in this current climate, the language of equality/political correctness has taken on a secondary function of being a class indicator.
Once the virtue-signal is transmitted and received, interaction becomes marination in the usual smug.  Those who don't respond correctly to the signal?  Consign them to the basket of deplorables, posthaste!

Ms Lindsay suggests it will not end well.
America is filled with ghost towns of the working class communities whose manufacturing/mining/etc. jobs all evaporated. People’s communities got destroyed, and if they’re white, they have no power left except the power of white privilege. If they had something better, I’m sure they’d take it, because the privileges granted through racism are fucking ugly, but they don’t.

And, rural white people aren’t the only people losing their community and resenting people from “other cultures.” The historically latino population of the mission in SF is kind of super not down with the white gentrifiers. I see all sorts of “anti-colonial” and “anti-white” graffiti in the mission. Racial tensions due to gentrification are cropping up all over the US. However, unlike the rural white, these people don’t have any sort of existing racial privilege to leverage in an effort to save their communities.

But, white liberals are fucking killing it! We get to look “not racist” by memorizing the right group-speak, but still get to destroy all these nice communities with impunity! Yes, yessssss — keep hating the racist Trump voters. THEY’re the ones you have to worry about.
One of these days, we'll see the end of the potted social science canard that somehow downtrodden white folks put up with being treated badly as long as there are even more downtrodden people in various colors.  Wasn't true in the Civil War, just check the desertions from the rebel armies.  Wasn't true of the Jim Crow South, just look at the intellectual foundations of "progressivism."  Isn't true now, and the "white privilege" of San Francisco (or Wrigleyville, or Hoboken) is just the latest incarnation of snob zoning.  It's the fractures of the Democrat coalition of rent-seekers and welfare dependents we ought to be watching.
Who was the ruling class again? Oh, right — all those educated liberals who think they’re better than racist Trump voters. When you destroy people, they will fight back with whatever tools they have at their disposal. If latino privilege existed, I’m sure the residents of the mission would be using it to preserve their community just like white people are trying to do now.

I’m not saying it’s not dangerous; I’m saying it’s human nature. White people don’t act “nice” out of the goodness of their heart, they act “nice” when it benefits them personally —just like every not white person on the planet. Any attempt to pretend otherwise is not just patronizing, it’s how the ruling class is preserving it’s power. By splitting people with shared interests among racial lines, powerful liberals can protect their own interests.

In 20 years, it’s won’t be the Trump voters you’ll need to worry about (they’ll all be dead.) It’ll be the powerful liberals of today.
That might work, if the Trump campaign is a racial appeal. If it's an entrepreneurial appeal, unleashing the energy of a million food trucks and other small businesses, the gentry liberals in their bubbles will have something else to worry about.  Enticing immigrants to buy into America is something we've had practice with.

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