Before you consider whether to believe this theory, consider that the core financial markets have never been free in post-Renaissance Western history.

As early as the Spanish global empire of the 1500s, assets were inflated by the massive issuance of debt, payable in physical gold and silver, by the monarchy.  The debt was considered safe since it was backed by the power of the global empire.  If you held physical gold/silver, you lost out on the 20+% interest offered by the IOUs, but lived under the same price inflation caused by this system.  If you bought into the debt, you helped fuel the imperial system of inflation and theft from savers, and helped push the whole system to eventual collapse (and pain for the average person.)

Fast forward to our time -- things have got a lot more complex, but their nature hasn't really changed.  There has never been either true freedom or justice.

Modern history is the story of too much wealth and too little understanding.  We practically beg the elites to abuse us, and abuse is what we get.