The globalists have this power because there are no fail safes – There are no redundancies and there is no Plan B. The term “protectionism” is generally treated as a pejorative in the economic world, akin to “isolationism” and “populism”. In an era where globalism is treated as the end-all-be-all of social and geopolitical evolution, the idea of taking a step back and reconsidering the notion of independence and self reliance is abhorrent. Globalists and progressives argue that there can be no going back and that only they know the way forward. https://www.zerohedge.com/economics/globalism-breaks-nations-must-produce-their-own-survival-necessities