Common meaning:

A satisfying state of well-being and contentment.

Hidden meaning of the Equity religion: 

It is currently not possible for the oppressed in the West to experience a state of well-being.

Discussion:

According to the religion of Equity, it is not possible for the minoritized in the West to experience any happiness in life. They are so crushed by the weight of systemic oppression and violence, much of it unseen, that there is no way that any small ray of happiness can possibly shine on their lives.

The interesting thing about this systemic oppression that Equity believers claim is happening, is they don’t have any examples. When you push them on this point, they will talk about things that happened 50, 100 or 250 years ago, but practically nothing that is happening today. Like a religious mantra, they have said the words “systemic oppression” so many times, they have come to believe in it without any evidence.

Once the Equityists have accepted by faith that systemic oppression exists, then it is understandable why they could think that it is not possible for people in minoritized groups to be happy.

Repeat something that is a lie enough and it will become true for you.