I. Introduction Part 1. Origins and Critique of the Religion of Free Trade Part 2. The Substantive Alternative: Ethical World Trade 1. Significance of Trade 1a) Trade is not an end but a means 1b) Alignment of world trade rules with the UN goals 1c) The UN as headquarters of international business law 2. For an Ethical Trade System within the United Nations 2a) Protecting the values and goals of the international community 2b) Infant industry policy and non-reciprocity between unequals 2c) Increasing the scope for democratic action 2d) Economic subsidiarity, autarky, regionalization and subsistence 3. A Pragmatic Alternative: The Common Good Balance Sheet Part 3. The Procedural Alternative: Sovereign Democracy 1. The centrality of democracy 2. The democratic genesis of international (business) law 3. Encouraging examples 4. Questions for the trade convention