Not true at all! Escalators don't necessarily fail safe. If the brake is faulty, it is very dangerous to use an out of service escalator as stairs.
Worst case: "This is moving down way too fast! Aaaahhhhh!!!" -screamed by hundreds of people, many of which will die as they pile up at the bottom of the escalator.
Now imagine the brakes failing on an escalator that leads down into a subway with an electrified rail.