That's a good way to view it.
Another aspect is that in "the East," the society is superior to the individual, so being a peasant, drone, whatever, is the way things are supposed to be. Independent action is viewed as dangerous, to be avoided.
Globalists must have the world on the eastern model. It is essential that western civilization be demolished, by hook or by crook. That demolition is well underway, and other than a few speed bumps, like Trump's ascendancy to the presidency, will be accomplished.
The "fundamental transformation" is embraced by a majority of the young, and it is taught as fait acompli in the schools, think tanks, and so on.
Globalists believe the federal government can’t effectively tax their wealth.
They are wrong.
Globalists believe in kicking down the white middle class and white poor, who are the main domestic competitors to their own children.