On the one hand, one should not brook, or worse succumb to, weak conspiracy theories that amount mostly to Rorschach tests of the conspiracists' priors and prejudices.
On the other hand, we must not let the awfulness of a lot of conspiracism trick us into defending institutions that in fact are broken, corrupt, and often predatory.
@pluralistic squares the circle well. https://pluralistic.net/2024/03/25/black-boxes/