J. Edgar Hoover had a similar theory.
While I readily agree the John Birch society was a wacky RW group, conspiracy theories are a human nature thing, usually growing among ignorant populations fearful of all-powerful groups. To make them work, there are always partial or half-truths involved.
Example: https://en.wikipedia.org/wiki/Category:Conspiracy_theories_by_country
The WOKE often go full bore fantasy.....I wonder how they got the idea that this works long term.