The interesting thing to me is, whenever an article of any kind on this topic comes up (on HN and elsewhere), those who disagree seem to disagree entirely, as if the entire premise is completely wrong, and there is literally no negative effects of globalization.
To me, simple thought experiments show several areas of risk both short and long term, and if you look at actual on the ground reality, there sure seems to be a lot of visible damage as well as a large increase in risk and "precariousness" where there used to be security. I don't by any means believe that globalization is a complete disaster or the end of the world, indeed it has been beneficial in many ways to both sides. But this seemingly very popular opinion that there is literally nothing at all to worry about, that when China with a combination of technical sophistication, developed local economy, and sheer population reaches parity and then surpasses the US as the new leader of the world, that all will be well. I think there are many good reasons to believe that China might be a better steward of the world, but there are also many reasons to think otherwise.
As it is now, "the west" enjoys world leadership, a high standard of living, and control their own destiny. I would rather pay a little more for manufactured goods and retain at least that last item.
I probably didn't communicate this very well, but this accelerating new world order seems at least worthy of public discussion, rather than being dismissed as racist conspiracy theory. If more people could at least even consider some of the mentioned risks as plausible it would make me feel better, but even that seems unlikely.