Certainly in a steel frame building there are hundreds of parallel paths with the EGC so your point is valid. In 40 years in the trade I have seen an evolution in the thinking about this.
When I started in the 80's you never saw a green wire in any raceway. Even with 3/4" FMC we never installed a wire type EGC (old NYC electrical code). Then in the late 90's-2010's we were pulling in EGC's and IG's everywhere, often a separate EGC for every branch circuit even in a common raceway. Fast forward to 2015 and beyond we stopped pulling them in because someone started to realize (per electro's point) that they were a waste of money in steel framed construction or where you had large racks of conduits all connected together every 6' with a piece of strut. The last big high rise building I worked in they had an odd idea where they specified that only raceways for emergency circuits got a wire type EGC.