Political Science (Humanities), 1875
A clever way to promote the principles of communism as a synonym for fairness and impartiality.
“Equity” means a share which is equally divided, as defined in jurisprudence. Although economically defined by shareholders in a company, in philosophical circles the phrase refers to Marx’s concept of ownership of the means of production by workers (i.e. through the division of labour and its inherent moral value) stated in his 1875 “Critique of the Gotha Program” citing “From each according to his ability, to each according to his needs”. The trouble being, needs grow exponentially, and abilities are finite.