Equity Quotes

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

Providing for the ones he loves and care about, whether it's monetarily or with sweat equity, is part of a man's DNA, and if he loves and cares for you, this man will provide for you all these things with no limits.

He thought that in the beauty of the world were hid a secret. He thought that the world’s heart beat at some terrible cost and that the world’s pain and its beauty moved in a relationship of diverging equity and that in this headlong deficit the blood of multitudes might ultimately be exacted for the vision of a single flower.

Equality is treating everyone the same. But equity is taking differences into account, so everyone has a chance to succeed.

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

Treating different things the same can generate as much inequality as treating the same things differently.

We follow the ways of wolves, the habits of tigers: or, rather we are worse than they. To them nature has assigned that they should be thus fed, while God has honoured us with rational speech and a sense of equity. And yet we are become worse than the wild beast.

The defining question is whether the discrimination is creating equity or inequity. If discrimination is creating equity, then it is antiracist. If discrimination is creating inequity, then it is racist.

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.

As women gain rights, families flourish, and so do societies. That connection is built on a simple truth: Whenever you include a group that's been excluded, you benefit everyone. And when you're working globally to include women and girls, who are half of every population, you're working to benefit all members of every community. Gender equity lifts everyone. Women's rights and society's health and wealth rise together.

That which is not good for the swarm, neither is it good for the bee. - Book VI, 54.

Equity without income is unnatural.

Standing still is never an option so long as inequities remain embedded in the very fabric of the culture.

Feminism as a movement for political and social equity is important, but feminism as an academic clique committed to eccentric doctrines about human nature is not. Eliminating discrimination against women is important, but believing that women and men are born with indistinguishable minds is not. Freedom of choice is important, but ensuring that women make up exactly 50 percent of all professions is not. And eliminating sexual assaults is important, but advancing the theory that rapists are doing their part in a vast male conspiracy is not.

The most threatening racist movement is not the alt right's unlikely drive for a White ethnostate but the regular American's drive for a 'race-neutral' one. The construct of race neutrality actually feeds White nationalist victimhood by positing the notion that any policy protecting or advancing non-White Americans toward equity is 'reverse discrimination.

In transgressing the law of nature, the offender declares himself to live by another rule than that of reason and common equity" Ch.2, 8

He remembered Alejandra and the sadness he'd first seen in the slope of her shoulders which he'd presumed to understand and of which he knew nothing and he felt a loneliness he'd not known since he was a child and he felt wholly alien to the world although he loved it still. He thought that in the beauty of the world were hid a secret. He thought the world's heart beat at some terrible cost and that the world's pain and it's beauty moved in a relationship of diverging equity and that in this headlong deficit the blood of multitudes might ultimately be exacted for the vision of a single flower.

Moral law is an invention of mankind for the disenfranchisement of the powerful in favor of the weak. Historical law subverts it at every turn. A moral view can never be proven right or wrong by any ultimate test. A man falling dead in a duel is not thought thereby to be proven in error as to his views. His very involvement in such a trial gives evidence of a new and broader view. The willingness of the principals to forgo further argument as the triviality which it in fact is and to petition directly the chambers of the historical absolute clearly indicates of how little moment are the opinions and of what great moment the divergences thereof. For the argument is indeed trivial, but not so the separate wills thereby made manifest. Man's vanity may well approach the infinite in capacity but his knowledge remains imperfect and howevermuch he comes to value his judgments ultimately he must submit them before a higher court. Here there can be no special pleading. Here are considerations of equity and rectitude and moral right rendered void and without warrant and here are the views of the litigants despised. Decisions of life and death, of what shall be and what shall not, beggar all question of right. In elections of these magnitudes are all lesser ones subsumed, moral, spiritual, natural.

Rule #1: Sweat equity is the best startup capital

I don’t trust anyone who’s nice to me but rude to the waiter. Because they would treat me the same way if I were in that position.

He said that even the damned in hell have the community of their suffering and he thought that he’d guessed out likewise for the living a nominal grief like a grange from which disaster and ruin are proportioned by laws of equity too subtle for divining.

Whether I am written as good or as bad, my desire is to be seen as you are.

Judges... are picked out from the most dextrous lawyers, who are grown old or lazy, and having been biased all their lives against truth or equity, are under such a fatal necessity of favoring fraud, perjury and oppression, that I have known several of them to refuse a large bribe from the side where justice lay, rather than injure the faculty by doing any thing unbecoming their nature in office.

In the past, only some of the males, but all of the females, were able to procreate. Equality is more natural for females.

Equity, after all, does not mean simply equal funding. Equal funding for unequal needs is not equality.

A Home without Equity Is Just a Rental with Debt,

Justice has always evoked ideas of equality, of proportion of compensation. Equity signifies equality. Rules and regulations, right and righteousness are concerned with equality in value. If all men are equal, then all men are of the same essence, and the common essence entitles them of the same fundamental rights and equal liberty... In short justice is another name of liberty, equality and fraternity.

We have to be willing to embrace the full autonomy of people who are less privileged and understand that equity means making access to opportunity easier, not deciding what opportunities they deserve.

I don't want to be included. Instead, I want to question who created the standard in the first place. After a lifetime of embodying difference, I have no desire to be equal. I want to deconstruct the structural power of a system that marked me out as different. I don't wish to be assimilated into the status quo. I want to be liberated from all the negative assumptions that my characteristics bring. The same onus is not on me to change. Instead it's the world around me..

Out of the Indian approach to life there came a great freedom, an intense and absorbing respect for life, enriching faith in a Supreme Power, and principles of truth, honesty, generosity, equity and brotherhood as a guide to mundane relations.

With you it is always the law, never equity.

If I am going to be afraid, I might as well do it honest. Arm in arm with everyone I love, adorned in blood and bruises, singing jokes on our way to the grave.

Equity is an important part of a Permaculture system.

If you define the goal of a society as GNP, that society will do its best to produce GNP. It will not produce welfare, equity, justice, or efficiency unless you define a goal and regularly measure and report the state of welfare, equity, justice, or efficiency.

Let me be me, or let me be.

Make the earth a dwelling place. Cultivate the heart and mind. Practice benevolence. Stand by your word. Govern with equity. Serve skillfully. Act in a timely way, without contentiousness, free of blame.

Women’s groups follow a double standard: When women lag behind men, that is an injustice that must be aggressively targeted. But when men are lagging behind women, that is a triumph of equity to be celebrated.

If you can follow only one bit of data, follow the earnings—assuming the company in question has earnings. As you’ll see in this text, I subscribe to the crusty notion that sooner or later earnings make or break an investment in equities. What the stock price does today, tomorrow, or next week is only a distraction.

Designing economies based on permaculture design principles is the best way to ensure shared prosperity and an equitable distribution of wealth; not by force, but by design.

Part of the problem is that we tend to think that equality is about treating everyone the same, when it’s not. It’s about fairness. It’s about equity of access.

Sweat equity is the most valuable equity there is.

No form of gender equity can ever truly be achieved until we first work to empower femininity itself.

Social issues impact every business. Whether we're talking about womens health or education or economic equity or climate change or renewable energy... All of these things impact businesses and their ability to profit. And they all present business opportunities also. So there's a lot to consider at the intersection of business and social work. And you can't really care about business without also caring about people's well-being, so every entrepreneur should be a social entrepreneur trying to help other people live better lives in some way.

Maybe the word hasn’t been invented yet – that thing beyond diversity. We often define movements by what they’re against, but the final goal is greater than the powers it dismantles, deeper than any statistic. It’s something like equity – a commitment to harvesting a narrative language so broad it has no face, no name.

Businesses profit by solving social problems. Therefore, it's business - not charity or government - that should be employed to solve many of the big societal problems of today. Whether it's the climate crises, or gender equity, or pollution or whatever... Business can solve those problems.

Progressives seem to believe that if they say the words “diversity, inclusion, and equity” often enough, all problems will be solved.

Trust is vital. In order for investors to have us steward their capital, a prerequisite is that they trust us.

Various mental tests or scholastic tests have been criticized as unfair because different groups perform very differently on such tests. But one reply to critics summarized the issue succinctly: “The tests are not unfair. Life is unfair and the tests measure the results.

To promote a woman to bear rule, superiority, dominion, or empire above any realm, nation, or city, is repugnant to nature; contumely to God, a thing most contrary to his revealed will and approved ordinance; and finally, it is the subversion of good order, of all equity and justice.

I’m not studying the heroes who lead navies—and armies—and win wars. I’m studying ordinary people who you wouldn’t expect to be heroic, but who, when there’s a crisis, show extraordinary bravery and self-sacrifice. Like Jenna Geidel, who gave her life vaccinating people during the Pandemic. And the fishermen and retired boat owners and weekend sailors who rescued the British Army from Dunkirk. And Wells Crowther, the twenty-four-year-old equities trader who worked in the World Trade Center. When it was hit by terrorists, he could have gotten out, but instead he went back and saved ten people, and died. I’m going to observe six different sets of heroes in six different situations to try to determine what qualities they have in common.

Housing is a human right. There can be no fairness or justice in a society in which some live in homelessness, or in the shadow of that risk, while others cannot even imagine it.

Get rid of all the cleaners, rubbish collectors, bus drivers, supermarket checkout staff and secretaries, for example, and society will very quickly grind to a halt. On the other hand, if we woke up one morning to find that all the highly paid advertising executives, management consultants and private equity directors had disappeared, society would go on much as it did before: in a lot of cases, probably quite a bit better. So,

In my opinion, if 100% of the people were farming it would be ideal. If each person were given one quarter-acre, that is 1 1/4 acres to a family of five, that would be more than enough land to support the family for the whole year. If natural farming were practiced, a farmer would also have plenty of time for leisure and social activities within the village community. I think this is the most direct path toward making this country a happy, pleasant land.

[S]ome score of members of the High Court of Chancery bar ought to be --- as here they are --- mistily engaged in one of the ten thousand stages of an endless cause, tripping one another up on slippery precedents, groping knee-deep in technicalities, running their goat-hair and horse-hair warded heads against walls of words, and making a pretence of equity with serious faces ....

Corporate responsibility is imperative to global prosperity. As companies of all sizes accept responsibility for their impact on the world and interact with the world more caringly, we'll all get to experience a more prosperous world.

Unless we have the wealth to pay for private education, we are compelled by law to go to public school—and to the public school in our district. Thus the state, by requiring attendance but refusing to require equity, effectively requires inequality. Compulsory inequity, perpetuated by state law, too frequently condemns our children to unequal lives.

Equality says we treat everyone the same, regardless of headwinds or tailwinds. Equity says we give people what they need to have the same access and opportunities as others, taking into account the headwinds they face, which may mean differential treatment for some groups.

At Mayflower-Plymouth, we believe that active capital management is the responsible way to invest. Even passive funds should be actively managed.

To every guy who tries to say that we have already achieved equality for the sexes, if this were true, you wouldn't be told to "man up", "be a man", "stop being a p*#%y", "harden the fuck up", "toughen up", "boys don't cry", "don't be such a girl", "stop being a wimp". As long as this type of language still exists in our society, then gender equality, my friends, has in fact not been achieved after all.

It is, of course, we who house poems as much as their words, and we ourselves must be the locus of poetry's depth of newness. Still, the permeability seems to travel both ways: a changed self will find new meanings in a good poem, but a good poem also changes the shape of the self. Having read it, we are not who we were the moment before.... Art lives in what it awakens in us... Through a good poem's eyes we see the world liberated from what we would have it do. Existence does not guarantee us destination, nor trust, nor equity, nor one moment beyond this instant's almost weightless duration. It is a triteness to say that the only thing to be counted upon is that what you count on will not be what comes. Utilitarian truths evaporate: we die. Poems allow us not only to bear the tally and toll of our transience, but to perceive, within their continually surprising abundance, a path through the grief of that insult into joy.

In terms of permaculture design in business, ethics are really important. In this design approach, we design for sustainability and efficiency and growth. And we also design for equity and wellbeing. Everything matters. It's a holistic approach.

... Have you ever reflected that posterity may not be the faultless dispenser of justice that we dream of? One consoles oneself for being insulted and denied, by reyling on the equity of the centuries to come; just as the faithful endure all the abominations of this earth in the firm belief of another life, in which each will be rewarded according to his deserts. But suppose Paradise exists no more for the artist than it does for the Catholic, suppose that future generations prolong the misunderstanding and prefer amiable little trifles to vigorous works! Ah! What a sell it would be, eh? To have led a convict's life - to have screwed oneself down to one's work - all for a mere delusion!... "Bah! What does it matter? Well, there's nothing hereafter. We are even madder than the fools who kill themselves for a woman. When the earth splits to pieces in space like a dry walnut, our works won't add one atom to its dust.

At Mayflower-Plymouth, we care about profit and growth. And just as much we also care about things like the health of the earth, Whole Foods plant based or I-Tal living, vegan or vegetarian living, holistic education, spirituality, human rights, money equity, social cohesion, liberty, family, human health and more. To us, Investing is more than profit.

Imagine a young Isaac Newton time-travelling from 1670s England to teach Harvard undergrads in 2017. After the time-jump, Newton still has an obsessive, paranoid personality, with Asperger’s syndrome, a bad stutter, unstable moods, and episodes of psychotic mania and depression. But now he’s subject to Harvard’s speech codes that prohibit any “disrespect for the dignity of others”; any violations will get him in trouble with Harvard’s Inquisition (the ‘Office for Equity, Diversity, and Inclusion’). Newton also wants to publish Philosophiæ Naturalis Principia Mathematica, to explain the laws of motion governing the universe. But his literary agent explains that he can’t get a decent book deal until Newton builds his ‘author platform’ to include at least 20k Twitter followers – without provoking any backlash for airing his eccentric views on ancient Greek alchemy, Biblical cryptography, fiat currency, Jewish mysticism, or how to predict the exact date of the Apocalypse. Newton wouldn’t last long as a ‘public intellectual’ in modern American culture. Sooner or later, he would say ‘offensive’ things that get reported to Harvard and that get picked up by mainstream media as moral-outrage clickbait. His eccentric, ornery awkwardness would lead to swift expulsion from academia, social media, and publishing. Result? On the upside, he’d drive some traffic through Huffpost, Buzzfeed, and Jezebel, and people would have a fresh controversy to virtue-signal about on Facebook. On the downside, we wouldn’t have Newton’s Laws of Motion.

Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery. Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

Rewriting is the essence of writing well: it’s where the game is won or lost. That idea is hard to accept. We all have an emotional equity in our first draft; we can’t believe that it wasn’t born perfect. But the odds are close to 100 percent that it wasn’t. Most writers don’t initially say what they want to say, or say it as well as they could.

Resist when the world tries to convince you otherwise.

The Ideological Conformity of Diversity, Inclusion, and Equity Progressives seem to believe that if they say the words “diversity, inclusion, and equity” often enough, all problems will be solved. But of course only certain types of diversity, inclusion, and equity matter. Diversity based on race, ethnicity, religion, sex, sexual orientation, and gender identity are foundational sacraments in the Cult of Diversity. On the other hand, intellectual and political diversity are heretical ideas that need to be expunged.

Compassion impels us to work tirelessly to alleviate the suffering of our fellow creatures, to dethrone ourselves from the centre of our world and put another there, and to honour the inviolable sanctity of every single human being, treating everybody, without exception, with absolute justice, equity and respect.

There is no tougher job in corporate America than running an airline: Despite the huge amounts of equity capital that have been injected into it, the industry, in aggregate, has posted a net loss since its birth after Kitty Hawk. Airline managers need brains, guts, and experience—and

I see no justice in that plan." "Who said," lashed out Isaac Penn, "that you, a man, can always perceive justice? Who said that justice is what you imagine? Can you be sure that you know it when you see it, that you will live long enough to recognize the decisive thunder of its occurrence, that it can be manifest within a generation, within ten generations, within the entire span of human existence? What you are talking about is common sense, not justice. Justice is higher and not as easy to understand -- until it presents itself in unmistakable splendor. The design of which I speak is far above our understanding. But we can sometimes feel its presence. "No choreographer, no architect, engineer, or painter could plan more thoroughly and subtly. Every action and every scene has its purpose. And the less power one has, the closer he is to the great waves that sweep through all things, patiently preparing them for the approach of a future signified not by simple human equity (a child could think of that), but by luminous and surprising connections that we have not imagined, by illustrations terrifying and benevolent -- a golden age that will show not what we wish, but some bare awkward truth upon which rests everything that ever was and everything that ever will be. There is justice in the world, Peter Lake, but it cannot be had without mystery.

Did you ever think our misfortune is directly related to your good fortune? Maybe the house your parents bought was on the market because the sellers didn't want my mama in the neighborhood. Maybe the good grades that eventually led you to law school were possible because your mama didn't have to work eighteen hours a day, and was there to read to you at night, or make sure you did your homework. How often do you remind yourself how lucky you are that you own your house, because you were able to build up equity through generations in a way families of color can't? How often do you open your mouth at work and think how awesome it is that no one's thinking you're speaking for everyone with the same skin color you have? How hard is it for you to find the greeting card for your baby's birthday with a picture of a child that has the same color skin as her? How many times have you seen a painting of Jesus that looks like you? Prejudice goes both ways, you know. There are people who suffer from it, and there are people who profit from it.

At Mayflower-Plymouth we aim to employ capital and maximize ROI for central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments, and individual investors around the world.

Like what, baby? Like that you miss me?” She started to protest but he cut her off. “Do not say a word. Just listen a minute, if you can. I miss you too, like a fucking phantom limb, do you understand? You are a crucial, functioning part of me, always will be. But I get it. I’m a shit. I won’t deny. But I’ll never, ever be happy or complete without you.

We cannot have a just society that applies the principle of accountability to the powerless in the principle of forgiveness to the powerful.

Later, when I hear others dismissing our voices, our protest for equity, by saying All Lives Matter or Blue Lives Matter, I will wonder how many white Americans are dragged out of their beds in the middle of the night because they might fit a vague description offered up by God knows who. How many skinny, short, blond men were rounded up when Dylann Roof massacred people in prayer? How many brown-haired white men were snatched out of bed when Bundy was killing women for sport?

When a man has his wages stolen from him, year after year, and the laws sanction and enforce the theft, how can he be expected to have more regard to honesty than the man who robs him?

Equity bids us be merciful to the weakness of human nature; to think less about the laws than about the man who framed them, and less about what he said than about what he meant; not to consider the actions of the accused so much as his intentions; nor this or that detail so much as the whole story; to ask not what a man is now but what he has always or usually been.

Their goal wasn't to stand out because of their differences; it was to fit in because of their talents. Like the men they worked for, and the men they sent hurtling off into the atmosphere, they were just doing their jobs.

We need to let go of respectability politics and understand that whiteness as a construct will never approve of us, and that the approval of white supremacy is not something that we or any community should be seeking. We have to be willing to embrace the full autonomy of people who are less privileged and understand that equity means making access to opportunity easier, not deciding which opportunities they deserve.

Structuring jobs to fit personality is almost certain to lead to favoritism and conformity. And no organization can afford either. It needs equity and impersonal fairness in its personnel decisions. Or else it will either lose its good people or destroy their incentive. And it needs diversity. Or else it will lack the ability to change and the ability for dissent which (as Chapter 7 will discuss) the right decision demands.

There are three kinds of constitution, and an equal number of deviation-forms--perversions, as it were, of them. The constitutions are monarchy, aristocracy, and thirdly that which is based on a property qualification, which it seems appropriate to call timocratic, though most people are wont to call it polity. The best of these is monarchy, the worst timocracy. The deviation from monarchy is tyranny; for both are forms of one-man rule, but there is the greatest difference between them; the tyrant looks to his own advantage, the king to that of his subjects. For a man is not a king unless he is sufficient to himself and excels his subjects in all good things; and such a man needs nothing further; therefore he will not look to his own interests but to those of his subjects; for a king who is not like that would be a mere titular king. Now tyranny is the very contrary of this; the tyrant pursues his own good. And it is clearer in the case of tyranny that it is the worst deviation-form; but it is the contrary of the best that is worst. Monarchy passes over into tyranny; for tyranny is the evil form of one-man rule and the bad king becomes a tyrant. Aristocracy passes over into oligarchy by the badness of the rulers, who distribute contrary to equity what belongs to the city-all or most of the good things to themselves, and office always to the same people, paying most regard to wealth; thus the rulers are few and are bad men instead of the most worthy. Timocracy passes over into democracy; for these are coterminous, since it is the ideal even of timocracy to be the rule of the majority, and all who have the property qualification count as equal. Democracy is the least bad of the deviations;

In a fair and just society you can't create laws based on how you feel at the worst moment in your life.

The only way I can keep clear of force is by justice. Far from being willing to execute his enemies, a real king must be willing to execute his friends.

Not everything that is faced can be changed. But nothing can be changed until it is faced.

If your voice didn’t hold any power, people wouldn’t work so hard to make you feel so small.

Rapid growth in wealth inequality results in the inevitable isolation of a very small, very rich, very privileged section of the community from the material experiences of everyone else. And when this out-of-touch minority group is enfranchised to make the decisions on behalf of people they don't know, can't see, have no wish to understand, and think of entirely in dehumanised, transactional, abstract terms, the results for the rest of us are devastating.

All our hope rests upon the possibility of a change of the laws which concern it, so that only rape or the comission of public offence, when this can be proved at the same time, shall be punishable.

The most threatening racist movement is not the alt right’s unlikely drive for a White ethnostate but the regular American’s drive for a “race-neutral” one. The construct of race neutrality actually feeds White nationalist victimhood by positing the notion that any policy protecting or advancing non-White Americans toward equity is “reverse discrimination.” That is how racist power can call affirmative action policies that succeed in reducing racial inequities “race conscious” and standardized tests that produce racial inequities “race neutral.” That is how they can blame the behavior of entire racial groups for the inequities between different racial groups and still say their ideas are “not racist.” But there is no such thing as a not-racist idea, only racist ideas and antiracist ideas.

Beyond a certain speed, motorized vehicles create remoteness which they alone can shrink. They create distances for all and shrink them for only a few. A new dirt road through the wilderness brings the city within view, but not within reach, of most Brazilian subsistence farmers. The new expressway expands Chicago, but it sucks those who are well-wheeled away from a downtown that decays into a ghetto.

To live sustainably, we must live efficiently - not misdirecting or squandering the earth's precious resources. To live efficiently, we must live peacefully for military expenditures represent an enormous diversion of resources from meeting basic human needs. To live peacefully, we must live with a reasonable degree of equity, or fairness, for it is unrealistic to think that, in a communications-rich world, a billion people will except living in absolute poverty while another billion live in conspicuous excess.

Those who speak of harmony and consensus should beware of what one might call the industrial chaplain view of reality. The idea, roughly speaking, is that there are greedy bosses on one side and belligerent workers on the other, while in the middle, as the very incarnation of reason, equity and moderation, stands the decent, soft-spoken, liberal-minded chaplain who tries selflessly to bring the two warring parties together. But why should the middle always be the most sensible place to stand? Why do we tend to see ourselves as in the middle and other people as on the extremes? After all, one person’s moderation is another’s extremism. People don’t go around calling themselves a fanatic, any more than they go around calling themselves Pimply. Would one also seek to reconcile slaves and slave masters, or persuade native peoples to complain only moderately about those who are plotting their extermination? What is the middle ground between racism and anti-racism?

This, then, is the dread that seems to lie beneath the fear of equalizing. Equity is seen as dispossession. Local autonomy is seen as liberty--even if the poverty of those in nearby cities robs them of all meaningful autonomy by narrowing their choices to the meanest and the shabbiest of options. In this way, defendants in these cases seem to polarize two of the principles that lie close to the origins of this republic. Liberty and equity are seen as antibodies to each other.

If I’m being honest, there’s a lot of anger. I’m angry at this old Korean woman I don’t know, that she gets to live and my mother does not, like somehow this stranger’s survival is at all related to my loss. Why is she here slurping up spicy jjamppong noodles and my mom isn’t? Other people must feel this way. Life is unfair, and sometimes it helps to irrationally blame someone for it.

The [carried-interest] loophole was in essence an accounting trick that enabled hedge fund and private equity managers to categorize huge portions of their income as ‘interest,’ which was taxed at the 15 percent rate then applied to long-term capital gains. This was less than half the income tax rate paid by other top-bracket wage earners. Critics called the loophole a gigantic subsidy to millionaires and billionaires at the expense of ordinary taxpayers. The Economic Policy Institute, a progressive think tank, estimated that the hedge fund loophole cost the government over $6 billion a year—the cost of providing health care to three million children. Of that total, it said, almost $2 billion a year from the tax break went to just twenty-five individuals.

Basically, CEOs have five essential choices for deploying capital—investing in existing operations, acquiring other businesses, issuing dividends, paying down debt, or repurchasing stock—and three alternatives for raising it—tapping internal cash flow, issuing debt, or raising equity. Think of these options collectively as a tool kit. Over the long term, returns for shareholders will be determined largely by the decisions a CEO makes in choosing which tools to use (and which to avoid) among these various options. Stated simply, two companies with identical operating results and different approaches to allocating capital will derive two very different long-term outcomes for shareholders.

Walter made me understand why we have to reform a system of criminal justice that continues to treat people better if they are rich and guilty than if they are poor and innocent. A system that denies the poor the legal help they need, that makes wealth and status more important than culpability, must be changed. Walter's case taught me that fear and anger are a threat to justice; they can infect a community, a state, or a nation and make us blind, irrational, and dangerous. I reflected on how mass imprisonment has littered the national landscape with carceral monuments of reckless and excessive punishment and ravaged communities with our hopeless willingness to condemn and discard the most vulnerable among us. I told the congregation that Walter's case had taught me that the death penalty is not about whether people deserve to die for the crimes they commit. The real question of capital punishment in this country is, Do we deserve to kill?

If we lived in a society where equity, respect, access, and justice were realized, and unearned privilege and inequality and oppression were transformed, the impact of trauma exposure in our lives would look dramatically different. Suffering would still occur. People would sustain injuries and contract illnesses and even hurt each other. The difference is that we would only have to confront that suffering at face value: an injury, an illness, a hurtful act. We would not have to wonder if disparities between rich and poor, white people and people of color, heterosexual people and gay/lesbian/bi/transgendered people, and so on contributed to the suffering. We would not have to wonder if we personally benefit from the disparity that underlies the suffering. We would not have to wonder if we are vulnerable to the same disparity. We would not have to decide whether we should act to change the disparity, or if we should blame the person suffering for the disparity, or if we should ignore the disparity altogether.

Equality in mutual relations with the solidarity arising from it, this is the most powerful weapon of the animal world in the struggle for existence. And equality is equity. By proclaiming ourselves anarchists, we proclaim before- hand that we disavow any way of treating others in which we should not like them to treat us; that we will no longer tolerate the inequality that has allowed some among us to use their strength, their cunning or their ability after a fashion in which it would annoy us to have such qualities used against ourselves. Equality in all things, the synonym of equity, this is anarchism in very deed. It is not only against the abstract trinity of law, religion, and authority that we declare war. By becoming anarchists we declare war against all this wave of deceit, cunning, exploitation, depravity, vice --in a word, inequality-- which they have poured into all our hearts. We declare war against their way of acting, against their way of thinking. The governed, the deceived, the exploited, the prostitute, wound above all else our sense of equality. It is in the name of equality that we are determined to have no more prostituted, exploited, deceived and governed men and women.

Empirical evidence suggests that the relationship between the profitability of larger share and smaller share depends on the industry. Exhibit 7-1 compares the rate of return on equity of the largest firms accounting for at least 30 percent of industry sales (leaders) to the rate of return on equity of the medium-sized firms in the same industry (followers). In this calculation small firms with assets less than $500,000 were excluded. Although some of the industries in the sample are overly broad, it is striking that followers were noticeably more profitable than leaders in 15 of 38 industries. The industries in which the followers’ rates of return were higher appear generally to be those where economies of scale are either not great or absent (clothing, footwear, pottery, meat products, carpets) and/or those that are highly segmented (optical, medical and ophthalmic goods, liquor, periodicals, carpets, and toys and sporting goods). The industries in which leaders’ rates of return are higher seem to be generally those with heavy advertising (soap; perfumes; soft drinks; grain mill products, i.e., cereal; cutlery) and/or research outlays and production economies of scale (radio and television, drugs, photographic equipment). This outcome is as we would expect.