On December 4, 1972, Salvador Allende addressed the UN General Assembly, expressing Chile's stance against the overwhelming control exerted by a handful of multinational corporations over its economy. He highlighted that over eighty percent of Chile's exports were dominated by this small group, which he considered a form of subordination that the country could no longer accept.

Allende's statement marked a significant moment in Chilean history, as it underscored the struggle for economic independence and sovereignty. His remarks resonated with broader themes of resistance against foreign influence and the push for national control over resources, reflecting the challenges faced by countries in asserting their autonomy in the global market.