http://www.archive.org/details/ThePowerOfNightmaresDVD <--Link to download the video for free
Wikipedia Article-->
http://en.wikipedia.org/wiki/The_Power_of_Nightmares
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The films compare the rise of the Neo-Conservative movement in the United States and the radical Islamist movement, making comparisons on their origins and claiming similarities between the two. More controversially, it argues that the threat of radical Islamism as a massive, sinister organised force of destruction, specifically in the form of al-Qaeda, is a myth perpetrated by politicians in many countries—and particularly American Neo-Conservatives—in an attempt to unite and inspire their people following the failure of earlier, more utopian ideologies.
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Labeling it as a conspiracy is over simplifying the case. I would sum it up as: by keeping a population under constant fear of boogeymen or commies under the bed or al qaeda, it is easier to control and manipulate the popluation for political gain.