After the recent election in Sweden in 2010, the racist party the Sweden Democrats (Sverigedemokraterna) has entered the national parliament. The post-election discussions as well as the academic analyses tend to explain this new presence of a racist party in the Swedish parliament as a reflection of a feeling of dissatisfaction among certain voter segments without taking into account any analysis of issues of race and whiteness. At the same time, an explosive eruption of official antiracism has taken place among the elites and within the Swedish establishment. This chapter argues that Sweden is at the moment subjected to the double-binding power of Swedish whiteness in the sense that the passing of ‘old Sweden’, that is Sweden as a homogeneous society, and of ‘good Sweden,’ that is Sweden as a progressive society, are both perceived to be threatened by the presence of non-white migrants and their descendants. In the end according to this critical race and whiteness studies analysis of the state of contemporary Sweden, both the reactionary and racist camp and the progressive and antiracist camp are mourning the crisis of this double-edged Swedish whiteness. This chapter offers an analysis of how white privileges can be maintained in a country like Sweden, in which progressive social policies, gender equality and official antiracism are otherwise hegemonic.