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Conspiracy theory culture is a major societal phenomenon that is exponential and hybrid. We will try to show how this nebulous structure rests on an illusion that connects the collective and the individual. It presents itself as a complex polymorphous system, in which the persecutory, mystical, and perverse dimensions combine against the return of the depressive and melancholiform parts. The conspiracist illusion is pre-religious and works as a universal neurosis. It is a vector of regression and seeks strong leadership to reorganize the future.