In my estimation globalization and free trade are the best tools in growing economies and maximizing the total wealth pie.
This set of circumstances also gives them astounding leverage in their positioning against labor, with the most stark examples coming in countries with weak labor laws and unions.As I see it, yes, globalization, free trade ( and of course technology like AI, robotics) are decimating the working class in industrialized countries ( but globalization and free trade are growing the world economy at better rate than if everyone stayed in a closed system).
Some industries absolutely need to be treated as public utilities, corporations can not be trusted with certain industries.David Harvey makes all these points.
All great comparisons each featuring different degrees of neoliberal adoption.The one point where David Harvey falls short imo is he somewhat ignores and gives short shrift to the reason that the implementation of free trade and globalization principles has ended up lifting hundreds of illions of people out of poverty, especially in India and China.
Yes, the counter is there has been a growing inequality in those countries, the top 1% are reaping tons of gains, but the overall wealth pie has grown a lot and the whol of the society has also benefited.
But overall it increases our purchasing power and keeps inflation low, but it decimates our wages for large segments of society which is why I think we need greater safety net, universal healthcare, more fair education system, proper and fair protections and unions for labor, and greater redistribution.
Oh, another great point that Harvey focuses on are how the large neoliberal institutions like the IMF and World Bank and also various national governments always focused on protecting and saving the capital investors, which means they always bailed out the elitist lenders and really shivved the borrowers ( in essence the little guy).
But what we need to do is balance that out with proper controls over industry and corporations, we should have a more redistributive model that spreads the wealth, protects the " osers " in this system, strive to spread opportunity, ensure adequate labor protections and fair union practices, and makes sure we invest in a very strong social safety net and education system.
Personally I 'd like to see a more obust, effective, and respectable federal government that protects and cares for its citizen, and redistributes wealth to a greater degree.