The problem in general with negative fatalistic views like this one is that it is non falsifiable: there is not a single positive / selfless action to which you could not ascribe base motives.
No, your reading is incorrect.
That is a real problem, certainly in normal times. And likely decades of derailing reforms in the interest of consumers and employees is what led to the frustration that created the current catastrophe. I note even now broadcast media certainly dwells on the trade war far more than other more pressing problems.
So stories should be confirmed by looking at serious publicly owned and overseas news sources. And if a particular series of stories is in the WaPo and NPR and BBC and the Guardian and Der Spiegel and FAZ and NHK and Le Monde and El Pais then we know it is not a rich man's plot. And if privately owned media has a pro-wealth bent, maybe an autocratic kletopcray is a bit much for some of them. Especially for non-hereditary billionaires many of whom really do want to make the world better (within certain economic constraints of course)