I don't know that there is "the correct [view] on racism"; if there is, I doubt I would be lucky enough to possess it. I know that there are measured effects of privilege, including experiments designed to test if it existed or not and showing it does, and that any view saying it does not exist, or has little/no measurable impact, is as irrational as saying that there is no global warming or that our planet is less than 11,000 years old. There can be a rational discussion about the effects of privilege, it's consequences, the degree to which it is accountable in any particular event/phenomenon. There can't be a rational debate about it's existence, because it is irrational to say it does not exist.