No, people on this forum give way too much **** to music labels all the time, thinking that they could do it better. At the end of the day some may have more resources but they all want their artists to do well and if the label doesn't put in effort it's probably because they don't see a tidy profit on the horizon and the artist would be doomed on way or another.
Addendum: A good label is helpful for a new artist trying to break out though.