Not only is the current globalised economic system not sustainable, as Bazz has pointed out, it has little or no benefit for ordinary people in developed countries. The people at the top in government and industry are primarily concerned with overall GNP, which indeed is increased by globalisation, because their own wealth and power depend on it. The Premier of China counts for far more on the world stage than the Prime Minister of Denmark. The wealth and power of the elite also insulate them from any downside, at least until the whole society hits limits to growth and collapses.

The ordinary person cares little about the size of the whole pie if his own slice has grown no bigger, may even be shrinking, and no longer has a cherry on top. The bulk of Americans have experienced stagnant real incomes since the 1970s, with all the benefits of economic growth and increased productivity going to to top. See

http://www.epi.org/analysis_and_opinion/entry/jobs_with_good_benefits_increasingly_scarce/

For Australia see

http://vinnies.org.au/files/VIC/SocialJustice/Reports/2005/2005May30-IncomeInequalityReport-National.doc.pdf

http://www.bnetau.com.au/blog/aussierules/yes-the-rich-are-getting-much-richer/5879

Australia is still a less unequal place than the US, but a modest rise in income and cheap manufactured goods don't make up for skyrocketing utility bills and housing costs in the cities (nearly tripled since 1973 in terms of the median wage), shrinking block sizes, permanent water restrictions, more crowding and congestion, overstretched infrastructure and public services (due to the enormous population growth forced on us by the globalisers, together with their reluctance to tax), more casualised and precarious work, etc.

When Bob Hawke and Paul Keating were introducing their reforms, they used to talk about "bringing home the bacon", that the reforms might be painful, but would pay off for ordinary people in the end. Politicians can no longer talk that way with a straight face. The previous era of globalisation in the early 20th century ended with a popular backlash. Lets just hope that this time, it won't take bloody rioting or Anarchist bombings.