Without commenting on the specifics, I agree with a lot of the gestalt here as a description of how things evolved historically, but I think that’s not really the right lens to understand the problem.
My current best one-sentence understanding: the richer humans get, the more social reality can diverge from physical reality, and therefore the more resources can be captured by parasitic egregores/memes/institutions/ideologies/interest-groups/etc. Physical reality provides constraints and feedback which limit the propagation of such parasites, but wealth makes the constraints less binding and therefore makes the feedback weaker.
I would point to the non-experts can’t distinguish true from fake experts problem. That does seem to be a central phenomenon which most parasitic egregores exploit. More generally, as wealth becomes more abundant (and therefore lots of constraints become more slack), inability to get grounded feedback becomes a more taut constraint.
That said… do you remember any particular evidence or argument which led you toward the story at top of thread (as opposed to away from your previous understanding)?