Growing out of the “Crown Chancery” in England [the Office of the Crown “Chancellor”], there emerged separate courts of equity, or “courts of conscience”, to which appeal could be made from judgments by those courts enforcing common law and statute law when a defendant held that a judgment rendered by such a common law/statute law court, while in accord with “the letter of that law”, represented a morally inadequate remedy, and thus violated “the spirit of the laws”, therefore, per that defendant, failing to deliver “true justice”.
In the U.S., the two, separate kinds of courts where merged into one, and the convergence of their principles begun, with U.S. courts “presiding in [both] law and equity”, and allowing “equitable” arguments and remedies, as well as “technical” arguments, and [strictly monetary] remedies. There have been homologous developments in the tradition of Napoleonic/Roman law.
In recent parlance, the term “equitism” is often used to refer to “gender equity”, as a “synthesis”, or “mean”, of feminism and “masculinism”. It is sometime also used to name a “synthesis”, or “mean”, between egoism and altruism. There was, earlier in American history, an individualist “equitist” movement for the amelioration of property rights injustices.
But most importantly, the term “Equitism” is meant to invoke the concept of “Capital Equity”, and the tradition of “Stockholder Democracy” [“one-share-one-vote”] that follows from it.
“Capital Equity” rights -- rights exclusively reserved to owners of capital [of “capital equity stock”] -- are seen as a “first [and inadequate] species”, and a first modern seed, of “Economic Democracy”, as distinct from “Political-only Democracy”; as the embryo of a more extensive and all-citizens-inclusive form of “Stakeholder Democracy”, and of ‘Political-ECONOMIC DEMOCRACY’ as a whole.
‘Equitism’ is seen as “generalized social equity”; as “generalizing” social equity, to beyond the small class of owners of capital equity, to encompass the whole society, including every citizen, by constitutionally endowing each citizen, by right, with the ownership of new kinds of equitable “property”.
This “generalization” of equity is seen as a remedy tor the catastrophic but predictable, “lawful” tendency of capitalist “political-only”, representative democracy, to degenerate into totalitarian, state-capitalist, police-state dictatorship, as capital continually concentrates into ever fewer hands, as we are now seeing so egregiously today.
That concentration of capital-equity ownership eventually enables those “few hands” to prostitute -- to ‘“buy-out”’, in a ‘“hostile takeover”’, via an all-pervasive system of bribery -- the executive, legislative, and judicial branches of political government.
This ultimate “M&A” will thus totally defeat the constitutional “checks-and-balances” designed to prevent this degeneration, and that were at least somewhat effective in doing so during the earlier phases of capital accumulation and concentration.
The ‘Equitist’ reform/revolution is seen as a ‘generalization’ of “Capital Equity”, forming a social ‘genus’ of Equity, by adding several new, inclusive ‘species’ of Equity, as newly recognized universal human constitutional rights.