I am uncertain if this is parody or a "tongue in cheek" backdoor commentary. So I will respond in that same sentiment. Equality is not a trophy to be handed out for GOOD SPORTSMANSHIP or FAIR PLAY.
Equality is EXACTLY as you have stated, everyone starts at the same line, they hear the same starting pistol and are judged at the very same finish line.

Drawing a comparison to ( and only one of many examples) the Academy awards is not only incorrect, it reflects the misunderstanding between EQUALITY versus BIAS. Let us continue with your track and field analysis. Equality is what we presently have (not withstanding drug abuse etc) in our present structure. Bias would be allowing some runners to start, not having to await the starter's pistol, while others would be told The finish line will only be 80 meters away, so they train for that outcome only discovering on race day the reality of it being 100 meters. Bias is being told you ran a very good race
HOWEVER
The all MALE JUDGE'S PANEL did not think that as a female you ran the same entertaining race, this comes dispite an audience that all thought they saw you crossing the line ahead of all others.

I could go on but let us stick to my opening point of possible parody.

I think you are correct. It is now high time we change the podium to better reflect the reality as you have stated. We will now
EXTEND the size of the podium by duplicating its present appearance but at the top of each of 10 new podiums we put a FLAG FOR BLACKS
FLAG FOR ASIANS
FLAG FOR WHITE ( ? ) this one may have to have many subsections as many that may appear WHITE in fact do not identify as such.

With certainty it will not be long before we have BLACKS identifying as ASAINS ...Jews identifing as.....Well you get my point.

Of all the examples you could have selected you may have chosen the one one not presently broken.

@Anthony2023mdh30Vibes