Of course it's wrong. Without specifics it's 100% wrong. With some very well-chosen parameters that percentage might drop slightly, but I can't see how.

There is a parallel between chasing growth at all costs biologically and financially. Both heuristics produce ugly results.

Just pointing out that rewarding growing things absent any sort of elegance or tact can result in oligarchs having too much undue influence just as cancerous growth in biology diverts too many resources toward undeserving cells that mismanage it.

We have to be aware of when things can go wrong to develop an appropriate immune response.