Theorists with a Swamp, not a Theory
math.columbia.edu
math.columbia.edu
1. Amplitudology: https://www.quantamagazine.org/physicists-discover-geometry-...
2. Conformal bootstrap: https://www.quantamagazine.org/using-the-bootstrap-physicist...
3. Tensor networks: https://arxiv.org/abs/1306.2164
If I might make a sociological observation, people who work on "string theory" have had to do the hard work of understanding quantum field theory in its many contortions, and the "good researchers" among them often have a thorough understanding of a good chunk of ideas in fundamental physics and related math. This also puts them in a position to capitalize on any related research avenues which they consider promising, even if those topics have little to do with string theory as such. So, IMHO (b) definitely carries weight, and I do not have a complete enough picture to comment on (a).
[1] PS: I have worked on this topic. Also, FWIW, I wouldn't claim to have a string theory background, but I did learn a little string theory in grad school.
As it stands now we don't have a working theory of the turbulent motion of fluids. We don't know why hurricanes and eddies happen, but we're investing brainpower in understanding particle physics in a neighborhood of the big bang? Get out of here.
Keep in mind science is not free of "agendas"; people in competing areas love to bash the competition because they're competing for funding, aka their livelyhood.
(It may not be math that applies to the real world, but math being math is eternally valid as long as the axioms hold... and sometimes you get surprising applications later on.)