Regarding oil & other raw material prices: they will rise in the long run since natural resources are limited in supply. That's a fact. Limited supply + higher demand = higher prices. A fact.
Regarding working conditions in eg China: in many cases they are far from being humane. Not talking about salaries here. In the Westerns world the legislation requires some standards to provide proper working conditions - eg. safe working environment, protective clothes for workers etc to name some ... And to provide such standards companies faces quite high costs, while in eg. China such legislation is milder or even non-existent, so its cheaper to run production there - even regardless the salaries. Of course salaries in China won't be as high as in eg USA or Germany. But working conditions (some relevant standards) should be same - not that in some countries (eg China) slavery is de facto legalized (working for 16 hours in awful conditions for a lousy salary). And gaining competitiveness with a help of such awful acts (ie de facto slavery & inhumane treatment of workers) is beyond fair & tasteful.
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Companies own the assets and provide the capital. Without them, workers don't have jobs.
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And vice versa. Without human working force companies are dead. Human work is added value! Remember that! Being that CEO or a simple man behind production line. Capital & human working force are dependent on each other. Capital can't live without working force, and working force can't operate without capital. So claiming capital is everything is a bit naive.
There is another trap of globalization - not an economical but cultural one: cultural dominance of the Western values. Being that in particular American, French, English, etc it doesn't even matter. Sometimes this goes beyond sick.
Globalization is new the colonization. Yet this time not the countries are the colonists but the big corporations take colonist role. Not the monarchs are the rulers this time, but the moguls & tycoons.