I think what you're seeing is the cross-over between BDSM and fetishism, and I agree with you that it is mainly the symbolic value of the objects that is the aspect of it that fetishists are trying to 'get close' to, and clearly, what sorts of symbolic values can relatively easily be imbued into certain objects depends partly on the qualities of the materials or objects themselves. For example, leather being a 'hard' and 'strong' material makes it easy to assign the symbolic value of belonging to the role of a dominant, and it also symbolically implies hunting and killing and dominating animals in a primeval sense.
As for 'power-exchange' I think that occurs in all types of relationships, sexual or otherwise. Very few relationships involve an equal exchange. I think that very often, the role that a person wants to take, dominant or submissive, has much to do with how that person feels in their regular, ordinary life. For example, dominants often feel insecure or inferior in their 'real' lives, and so they try to balance that feeling in their sexual lives by playing the dominant role, and in the opposite sense, those who prefer to be submissive sexually are often in positions in their ordinary lives that require them to be in command control, under pressure to perform, etc. This is not always true, but seems to generally hold true, and it makes sense, because humans seek balance, if not consciously, then unconsciously (and I think it is actually is a neurological urge, but nevermind that

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