Earlier quoted context omitted.
well, globalization on neoliberal terms has continued to hollow out living standards in advanced countries while turning neocolonial countries into large sweatshops. the life expectancy in the US has fallen for 2 or 3 years in a row now largely as a downstream result of this. that is my understanding of one major concern from that.
Globalization has lifted hundreds of millions out of poverty in China.
I mean look, whatever people in capitalist circles want to believe, China never really gave up on communism. They repurposed capitalism's weighing machine, and with that, there were people who got rich, which makes it look like Western-style capitalism. But the whole point of the "shadow banking system" and "state-owned enterprise" was to encapsulate a party-run state-driven "communist" system, to ensure reasonably ample work for the workers, and, to ensure a backstop to private enterprise. Maybe it's somewhat like the way Apple has baseline apps that are good enough, and then an app store for everything else. Or another analogy would be the U.S. Postal Service. Not efficient, but it works.
To be clear, globalization has been quite predatory towards weaker developing countries with less centralized authority – and hence – bargaining power. China "won" globalization by subverting it, and indeed, in hindsight, this was the only way for a developing country to win.