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This article offers an analysis of the collapse of the WTO talks in Cancun in September 2003. It argues that the collapse of the talks should not be regarded as a victory for the developing world, as many have suggested. Rather, the collapse should be seen as the inevitable result of deep-seated tensions within the WTO's institutional framework, both in terms of the processes that underlie its working and the substance of its agreements. The article argues that these imbalances, if not corrected, will heighten the alienation of developing countries and work to the detriment of the legitimacy and survival of the WTO. [ABSTRACT FROM AUTHOR]