Agreed. I think the rising popularity of conspiracy theories in America is an outcome of the cognitive dissonance that people feel as it becomes undeniable how f**k our society is. Americans are raised on a steady diet of patriotic chauvinism, hubris, and confident pride. The recognition that our country and its institutions are not only not the envy of the world, but shitty and dysfunctional (and jaw-droppingly unacceptable by the standards of any other wealthy western democracy) is hard to swallow. That’s why people start telling themselves these stories that allow them to believe that what they’re seeing with their own two eyes isn’t real.
The most deranged conspiracies may be on the far right, but the extent to which many Democrats sincerely believed in fantastical escalating theories about the extent of what happened with Russiagate show that that fevered conspiracy theories are increasingly just becoming a broad feature of our political system. In any case, its function is to provide a narrative that allows Americans to believe that what’s happening isn’t an organic product of our system and our institutions. That’s why, as Trump’s presidency unfolded as an increasingly horrific failure, Republicans told themselves that he was being covertly undermined and betrayed by a conspiracy between Hollywood pedophiles and the deep state. But it’s also why Democrats kept telling themselves that our electoral system and political institutions never could have lead to Trump’s election in the first place and it all must have been the work of a sinister foreign government.
Recognizing that our society is very decayed for reasons other than dumb culture war horseshit and that our institutions suck organically is the only way I can see this trend reversing, but that’s a hard sell to a lot of people.