What was really happening is the consumers were choosing which lightbulbs to buy primarily on their rated lifespan. So, because of this market pressure, manufacturers naturally started developing lightbulbs with longer and longer lifespan.
This is actually easy to do. Basically, the cooler the filament, the longer the lifespan of the bulb. This also had the side effect of reducing light output at a given wattage, so people also started buying higher-wattage lightbulbs to compensate.
Basically there was a tradeoff between light bulb longevity, and efficiency.
The manufacturers realized that this trend would waste huge amounts of electricity, and was unsustainable in the long term so they got together and decided to all standardize on set design lifespan that they thought was about the sweet-spot between lifespan, and efficiency.
This stopped everyone competing on lifespan, and instead shifted the focus of the marketplace competition to cost, and efficiency, which the manufacturers judged was more helpful to everyone.
In short, the "lightbulb conspiracy" was not an example of manufacturers colluding to screw the consumer for their own benefit - the intent was actually to help everyone in the long term, while sacrificing their own individual short-term profits.