I don't think it's a world-wide government conspiracy, because so many governments would have to be in on it, the same governments that otherwise can't agree on the color of pink lemonade. It just doesn't seem that likely.
I do get disgusted at the way both major political parties in our country spin the data to their own best advantage. I strongly suspect this is happening in other countries, as well.
I also think it is entirely possible, even likely, that history will look back at this and say everybody over-reacted. But until I know that for sure, it seems most reasonable to go with the opinions of the people that have an "M" and a "D" after their name. I have been told by several local doctors, people I know and trust personally, that this is worth taking very seriously, and that masks/distancing are our best bet for slowing it down until a medical breakthrough is made. So, until they tell me otherwise, I will continue to go through the life-crushing hardship* of putting a little piece of cloth over my face when I have to be around other people. I will endure somehow.
*For those who might not understand sarcasm, this is sarcasm.