I don't think it's a conspiracy as much as it is the natural consequences of extreme wealth and narcissism, fueled by the necessity of continual quarterly increases in profit.
The idiocy of the ultra wealthy creates a feedback loop because they're convinced that their wealth is proof of their brilliance and so they copy each others terrible ideas.
It isn't the forgivable stupidity from lack of education, but from being surrounded by sycophants and profiteers coupled with a profound alienation from the rest of humanity.
Unfortunately, all of that is harder to fix than prosecuting a conspiracy.