You are right, except Adam Curtis doesn't get systems.

For instance he calls public servants 'devious' when they 'game' the system. This is not what happens at a personal level, the system is 'devious' if anything. It also doesn't address if overall people in the system are better off -

https://youtu.be/l1So7lNUD0E?t=2387

(Rewind 60 seconds for when they are measuring bird calls across Great Britain for quality of life, that's actually pretty cool)

"The Trap" was early internet, pre the popularisation of shoving ideas at people for the dopamine rush without an actual understanding.

I am interested to see if he adapts to the newer world where ideas are more common place, understanding is still lacking.