Common meaning:

Valuing the subjective experiences of other people.

Hidden meaning of the Equity religion: 

Only the subjective stories of the victims actually count.

Discussion:

The Equityists believe that objective reality is not knowable, except through the lens of the subjective experience of certain people. The only path to ultimate truth leads through the lived experiences of the oppressed.

This concept is both unbelievably wrong and completely dangerous. Since Equity teaches that the only people who really count are the victims in oppressed groups, we can ignore everyone else. We only need to hear the subjective stories of the victims in order for us to know all of the truth about everything.

One of the most insidious effects of the Equity religion is how it causes believers to treat others with malice and disdain. People who are members of dominant groups are dehumanized and their stories are ignored. Only people who are part of groups the religion has deemed victims are allowed to speak.

This is not inclusive but totally exclusive.