#equity

The first principle of the market economy is that it is comprised of many small buyers and sellers, which implies a substantial degree of equity. Another fundamental market principle is that costs are internalized in the producer's price. ↗

— David Korten

#buyers #comprised #costs #degree #economy

Equality of opportunity is not enough. Unless we create an environment where everyone is guaranteed some minimum capabilities through some guarantee of minimum income, education, and healthcare, we cannot say that we have fair competition. When some people have to run a 100 metre race with sandbags on their legs, the fact that no one is allowed to have a head start does not make the race fair. Equality of opportunity is absolutely necessary but not sufficient in building a genuinely fair and efficient society. ↗

— Ha-Joon Chang

#equity #opportunity #social-justice #change

Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done. ↗

— Eliot Spitzer

#being #change #companies #demanded #done

Anger should be especially kept down in punishing, because he who comes to punishment in wrath will never hold that middle course which lies between the too much and the too little. It is also true that it would be desirable that they who hold the office of Judges should be like the laws, which approach punishment not in a spirit of anger but in one of equity. ↗

— Johannes Voet

#cicero #emotion #equity #law #anger

He had been taught as a child that Urras was a festering mass of inequity, iniquity, and waste. But all the people he met, and all the people he saw, in the smallest country village, were well dressed, well fed, and contrary to his expectations, industrious. They did not stand about sullenly waiting to be ordered to do things. Just like Anaresti, they were simply busy getting things done. It puzzled him. He had assumed that if you removed a human being's natural incentive to work -- his initiative, his spontaneous creative energy -- and replaced it with external motivation and coercion, he would become a lazy and careless worker. But no careless workers kept those lovely farmlands, or made the superb cars and comfortable trains. The lure and compulsion of profit was evidently a much more effective replacement of the natural initiative than he had been led to believe. ↗

— Ursula K. Le Guin

#inequity #iniquity #initiative #profit #business

Children get dealt grossly unequal hands, but that is all the more reason to treat them equally in school, Chris thought. "I think the cruelest form of prejudice is... if I ever said, 'Clarence is poor, so I'll expect less of him than Alice.' Maybe he won't do what Alice does. But I want his best." She knew that precept wasn't as simple as it sounded. Treating children equally often means treating them very differently. But it also means bringing the same moral force to bear on all of them, saying, in effect, to Clarence that you matter as much as Alice and won't get away with not working, and to Alice that you won't be allowed to stay where you are either. ↗

— Tracy Kidder

#educational-inequity #education

Christian equality can be described as equity, or even-handedness. Egalitarianism, in contrast, demands sameness, or equality of outcome. These two visions of equality are about as comparable as dry and wet. Think of it in terms of ten teenage boys trying to dunk a basketball: equity means that they all face the same ten-foot standard, and only two them them can do it — equity thus usually means differences in outcome. Egalitarianism wants equality of outcome, and there is only one way to get that — lower the net. Sameness of outcome requires differences in the standards. ↗

— Douglas Wilson

#equality #equity #equality

I had always insisted that a good education was a synthesis of book learning and involvement in social action, that each enriched the other. I wanted my students to know that the accumulation of knowledge, while fascinating in itself, is not sufficient as long as so many people in the world have no opportunity to experience that fascination. ↗

— Howard Zinn

#education #educational-enrichment #educational-inequity #knowledge-acquisition #learning

Fairness does not mean everyone gets the same. Fairness means everyone gets what they need. ↗

— Rick Riordan

#fairness #inspirational #inspirational

Justice will not be served until those who are unaffected are as outraged as those who are. ↗

— Benjamin Franklin

#justice #laws #law