It basically boils down to essentially being if you are successful then it directly because of your privileged class...not from your hard work or skill. If you are unsuccessful or poor then it is because the privileged class is holding you down and preventing you from being successful.

In the end though it only hurts those who believe in it because those who believe in it also believe that it is a waste of time to work hard, be innovative etc because it will only lead to failure. So they never try. People also use it as a way to justify why they are poor or unsuccessful...not their fault...it is the privileged that made them poor! Their other political views will mainly focus on "economic justice" like more regulations on successful businesses, higher taxes for the rich, welfare programs for the poor (basic income basically a dream come true in their eyes) and so on.

Seems to be a very popular view these days among young people.

If I suddenly became black, and nothing else about me changed, studies have shown I'd likely be treated differently by police, potential employers, medical facilities, etc.

Recognizing that fact may make it easier to combat. Perhaps the next time I interview a woman I might be more conscious of the fact that what I'd perhaps have seen as "assertiveness" or "confidence" in a male candidate is being noted as "pushy" or "bitchy" in the female one, and back off from that assessment somewhat.