The global crisis we are experiencing is not a consequence of factors external to economic dynamics; On the contrary, since the 19th century, the cyc… - Rafael Correa

I think one of the main problems around the world is that there are private networks in the communication business, for-profit business providing public information, which is very important for society. It is a fundamental contradiction.... I think there should be more public and community media, organizations that don’t have that conflict between profits and social communication. What do you think happens when TV shows have to criticize a bank that owns or fund them? Which would prevail, public or private interest?... the owners of the business would end up imposing their will towards profits. That is what happened to us at the beginning of our term. Please let us all understand what goes on in Latin America. Out of the seven TV Networks in Ecuador, five used to belong to the banks. When we wanted to regulate the banks to avoid executive malpractices and an eventual crisis like the one now taking place here in Spain, we used to have all the TV networks against us. There is a conflict of interest.

For the first time an oil producer country, Ecuador, where a third of the resources of the State depends on the exploitation of the above mentioned resources, resigns this income for the well-being of the whole humanity and invites the world to join efforts through a fair compensation, in order that together we lay the foundations for a more human and fair civilization.

INTERVENCIÓN PRESIDENTE DE LA REPÚBLICA, RAFAEL CORREA ANTE LA COMISIÓN LEGISLATIVA EN EL SEGUNDO AÑO DE GOBIERNO Quito, 15 de enero de 2009 (15 January 2009)