This systemic irrationality - and censorship of dissenting (rational) voices - is contagious, and spreading rapidly. It self-reinforces. Knowledge and logic breed more knowledge and logic, and the lack of them breeds more lack.
You're right about your understanding of what certain forces want to do with humanity. Where I may disagree with you is on the conclusion. Things are rough right now but we can't assume that's predictive of the ultimate outcome. Bitcoin is down right now but I don't assume it's headed toward zero. Humanity isn't a crypto, heh, but we're not headed toward zero either. Some people want that, but they haven't won yet!
That said, I've seen this clear trend for at least 20 years in the mainstream, which is about a whole generation. It's darkest before the dawn, so good times may be just around the corner, but just because it's really dark doesn't mean it can't get darker. We're probably not quite at bottom yet.
RE: Back to the Bad Old Days: the Return of the Inquisition