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 CARACAS, Venezuela (AP) - President Hugo Chavez said Sunday that his administration plans to create "collective property" as part of sweeping reforms toward socialism, and that officials would move to seize control of large ranches and redistribute lands deemed "idle."
The Venezuelan leader, speaking on his television and radio program "Hello President," said the government was "advancing quickly" with a concept of "social, or collective, property" to be included in forthcoming constitutional reforms.
"It's property that belongs to everyone and it's going to benefit everyone," said Chavez, who vowed to undermine capitalism's continued influence in Venezuela.
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