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Constitutional reform will respect private property: Chavez
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10:01, July 23, 2007

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Venezuelan President Hugo Chavez said in comments published on Sunday that the rights of private property owners will be guaranteed in Venezuela under constitutional reforms.

"Some citizens continue arguing in a dogmatic manner that socialism negates private property. No, our socialism accepts private property," Chavez said in statements published on the Web site of Union Radio.

"It's only that this private property must be within the framework of the constitution." he added.

Chavez said he would present his reform proposal to lawmakers in the coming weeks. He has appointed a special executive committee to draft the proposal.

Chavez said Venezuela's forthcoming socialist reforms will broaden the concept of ownership.

Source: Xinhua

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