Ecuador: Correa believes necessary to democtratize private property

Posted on November 28, 2013 • Filed under: Ecuador, Politics

(Prensa Latina) President Rafael Correa said today that his government respects private property, but that it is necessary to democratize it. “We do not want to eliminate private property, but it needs to be democratized,” Correa told workers on a banana plantation in the southwest that was seized by the Ecuadorian Treasury because of its owner’s debts, and will be auctioned off. The president explained that 21st-century socialism does not deny the market, but stressed that “it must be governed, so that it does not control us.” Read Article

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