James Sheehan

According to the hoopla, the World Trade Organization (WTO) was created in 1995 as an instrument of global free trade. Instead, it is proving to be a vehicle for corruption, economic reprisals, and politicization of trade.

The city of Seattle, which had planned to make money on hosting the World Trade Organization, wound up trying to cut its losses by asking the WTO to end its conference early and leave town. Self-described free-traders who helped to create the WTO ought to be feeling the same way. The organization that writes the rules of world trade is now the focus of nearly every unionist, environmentalist, and capitalist-hating pressure group in the world.

After attending a leading business school for the last year, I have been witness to capitalist bashing that rivals that of high schools and colleges. The chilling part is that these schools are training future business managers working in a free-enterprise system.