That is one possibility. Another is that many people truly believe in the religion whose mantra is "all government is bad, and the market always knows best."
This was once convenient propaganda for those who wanted lower taxes and less regulation of their businesses. Now the propaganda has been repeated for so long that many have forgotten it was propaganda, and believe that it is actually true.
As I grow older, it gets easier for me to accept that most often the world is not a vast organized conspiracy, it's just really stupid. Though in current times, it does appear to be both of those things at once.