Ross Perot, That Sound You Hear Is Nafta Making Money

Some Mexicans hate the North American Free Trade Agreement even more than Ross Perot does. One night last January, a mob protesting competition from across the border broke into an American dairy's warehouse in Chihuahua and dumped 5,500 gallons of milk. Six months later in Ciudad Juarez, several men slipped into a storage area owned by the same Texas dairy and set fire to four big trucks.

Fortunately, such anger and fear are rare on either side of the Rio Grande. Not only is Perot's warning about American jobs vanishing south with a "giant sucking sound" not coming true, but thousands...