Yeah, so (almost) every league in the world has chosen the chance of promotion over artificial equality. But this isn't really a "choice" because the league isn't (just) a business and the teams aren't "franchises" they are clubs. Half the point of having a well-functioning club is having a good youth org/academy which might give you a cheaper way of getting talent than having to sign it at market value.

I'd much rather watch my team finish in the middle of the French League every year of my entire life without any realistic chance of winning than watch a closed league with artificial balancing.