The "E" means "Equity". I still don't know exactly what this means but I know it's not supposed to mean Equality. I think it infers affirmative action. I think it's one of those terms that's vague by design.
It’s equity as in “equity in your house” equity. Many people have been denied access to equity in “the system” and if the disenfranchised have skin in the game then this stabilizes the system.
It is similar to policies that made access to home ownership easier (for some) because having a mortgage (and equity) is implicit buy into the system which lowers the likelihood that you’ll fight against it.
"Good" discrimination, a worldview that requires racial essentialism and stereotypes.
Reduce everyone to their immutable attributes and tailor your behavior accordingly.
Since in the minds of social justice people, one group is unconditionally placed below another group (think of the vocabulary they use when they say "the work is never done"), we must actively discriminate to fix things.
It is similar to policies that made access to home ownership easier (for some) because having a mortgage (and equity) is implicit buy into the system which lowers the likelihood that you’ll fight against it.
Those without equity have nothing to lose.