I can only speculate. My own observations tell me it’s much easier for 1000 of the richest oligarchs to conspire together and show class solidarity than 200 million working class individuals. It’s especially effective when those oligarchs control the media that feeds the masses.
Microsoft, Google, Apple, and many large Silicon Valley firms were all caught colluding to keep wages suppressed by agreeing to not poach talent from each other. Why couldn’t other oligarchs collude during industry meetings.