They call it globalism, but half of them seem to be in bed with China. I think it is more like globalized corruption.
It's "globalism" because they think China will bring the USA down and usher in the new global order... with them (the globalists) at the top... somehow.
Additionally, China models the world where they can control everyone's lives and run them how they see fit. They, also, think they would end up in charge of those levers of power.
For being "elites", they are awfully shortsighted and none too bright.