The concept describes a state where individuals or groups possess roughly the same material wealth and overall economic conditions. This often involves policies and interventions designed to redistribute resources to diminish disparities. For example, if two individuals start with different levels of education, skills, and social advantages, proponents of this view might advocate for measures to ensure they achieve comparable economic success, regardless of their initial conditions or individual efforts.
The significance of striving for this state lies in its potential to foster a more just and equitable society. Advocates argue that it can reduce social tensions, increase overall well-being, and promote social cohesion. Historically, this objective has influenced various political movements and social policies aimed at mitigating the effects of systemic inequalities and promoting equal living standards across diverse populations.