In terms of school admissions I would agree. In terms of society in general however i'm not entirely convinced that it's a zero sum game.
This might be true for college admissions too, if you're flush with opportunities you're still ahead if you lose one.
But there's still an aspect of "pulling people back". It's a hard tradeoff to design. But if you do it right you really can make something with better outcomes and more fairness, even if some will call it an abomination.