Do you mean one of the Dems new favorite words “equity” which seems to mean equality of outcome? Dems do not care if it results in the vast majority of people being equally poor with a very few very wealthy people at the top.
Yes. They now believe that any system that does not have equality of outcomes must be inherently flawed (racist).
They will use this to diffuse the label of "communism" by saying even traditional communism does not create equality of outcomes for everyone. They can point to Marx being an open racist.
That will leave us with no label for them (even though they are just repackaged communists).