That is only good for the company if your notion of company ignores the needs of one faction of people (those who generate value) and prioritises the needs of another group (those who extract value).

If we are going to have malicious and incompetent people in the society, I am of the opinion that they should sink to the bottom, not rise to the top.

You, apparently, believe the opposite.

Of course, you are quite free to continue with that preference.