That being said, it doesn't invalidate the conspiracy theorists. They fill a useful role - public discourse has three unwritten rules. Assume everyone is speaking in good faith, assume consequences of their actions that they didn't advocate for are accidental and assume that they are only working with information in the public sphere.
All three of these assumptions are unsound, so public discourse is always slightly divorced from reality. We can't have discourse without those rules, but the crazies provide a helpful chorus of "but what if we assume bad faith/indirect action/private knowledge". These ideas need to be in the conversation, even if only peripherally. It is pretty obvious that there is a lot of that negative stuff going on, even if we don't know which specific cases are coincidence vs intent.
What?
It's often extremely divorced from reality. For instance the Israel / Palestine conflict.
Some people refused to believe, for example, that big tech firms work with the gov. The idea seems quaint now but some didnt even believe Snowden!
In the end, a balance is needed.