At a Wharton Business School conference on business in Africa, World Trade Organization representative Hanniford Schmidt announced the creation of a WTO initiative for "full private stewardry of labor" for the parts of Africa that have been hardest hit by the 500 years of Africa's free trade with the West.At least they realized it, if perhaps after the fact.
The initiative will require Western companies doing business in some parts of Africa to own their workers outright. Schmidt recounted how private stewardship has been successfully applied to transport, power, water, traditional knowledge, and even the human genome. The WTO's "full private stewardry" program will extend these successes to (re)privatize humans themselves.
A panelist for the Wharton Africa Business Forum misrepresented himself as being affiliated with the World Trade Organization (WTO). Based on that misrepresentation, the individual was invited to speak at the Forum, which was held on November 11, 2006 in Philadelphia. As soon as the conference organizers realized the misrepresentation perpetrated by this individual, the other panelists were immediately informed. Neither the conference organizers nor The Wharton School had or has any association with the individual nor do they endorse the individual's views.