Barry C. Lynn directs the Markets, Enterprise, and Resiliency Project at the New America Foundation. His most recent book is Cornered: The New Monopoly Capitalism and the Economics of Destruction (Wiley).
Americans have never felt at ease with empire, and with good reason. Running an empire often demands that we betray our republican ideals, at least for periods of time. It can also be costly in gold and in blood. So it was no surprise that after the fall of the Soviet Union, the American people leapt at the opportunity to lay down the imperial burdens we had carried since World War II. Politicians in both parties assured us that we could off-load our responsibilities onto a “global” market mechanism, overseen by a new institution created in 1995 called the World Trade Organization (WTO). Many if not most of us said, “Good riddance.”