That's not only extremely silly, it's in fact a pernicious kafkatrap. What if all globalists actually happened to be Jewish? There would have been no way to criticize them for their globalist ideas -- if you did that, you'd immediately be criticized as anti-semite, despite explicitly specifying the set of ideas you don't like and separating them from Jewishness of their proponents, never mentioning it. How lucky we are that there are plenty of non-Jewish globalists, allowing us to criticize globalism.

It's not extremely silly. It's absolutely a code word among antisemites. And, once again: Rayiner isn't using the word that way, so there's no need to deploy ESR-speak against me. Please take it somewhere else. You asked what the subtext of the word is, and I provided it.