politics
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The FPTP voting system reinforces that. Any third party is just going to be a spoiler for one of the majors without voting system reform.
This is the correct answer. Third parties are rarely viable in first-past-the-post systems. More info on Duverger's Law here.
If we had more viable parties it would be much harder to do regulatory capture and corrupt every party, and even if that happened new viable ones could spring up at any time. We might actually get candidates that represent diverse political opinions. With more parties one party would be unlikely to have a majority or supermajority, and our representatives would have to work together and form coalitions to get anything done. Politics wouldn't be a team sport about defeating the other side, it would be about shared goals and constructive legislation, and candidates would want to appeal to voters who they might be the second or third choice for, meaning scapegoating, vilifying and othering segments of society would be a losing strategy. Ranked choice voting has few downsides for anyone but those who want a corrupt system they can capture and a society they can divide.
Lots of things reinforce it, the parties having a stranglehold on primaries and the media buyouts are also a major factor.