I find this hard to square with a large segment of society just matter-of-factly espousing "equity", which is a less obvious way of saying what was expressed in the past as "equality of outcome".
Of course, through societies of the past experimenting, it was largely recognized as only possible through systems that end up being miserable and authoritarian.
So it's easier to push it again to a new generation under a vague, benign-sounding new term.