Alice in Wonderland was devised as a children's book with fantasy situations designed to imbue the reader/child with the proper stimulation to develop effective relationships with himself and the world. This is just one example of many.

In this case, it was written around the time there was debate about child fantasy play as being a precursor to mental illness.

We may draw a parallel with conspiracy theorists often being mentally ill, those considering Q larping and to the listener who identifies with the story with curiosity as a drive.

The nature of being so deep in your own biases that you are trapped by them is another possible parallel. The question is consensus in our country/culture/society/world

Think of the power of stories. Stories have a moral.

Alice ultimately realizes her journey was just a dream and moves on to live her life. What happens when conspiracy theories get confirmed? We move on? Go to the bottom? In the end when Alice is being chased by the Queen and her army and everyone she ever met she wakes up. There was no bottom.

IMO, the confirmation of conspiracy theories has the possibility of debasing the systems built to allow corruption. Does this mean we need no such systems? The rabbit hole ends with Alice being chased by everything she was dreaming about.