President Hugo Chávez trumpeted his government's progress "towards a new model of collective property," under which a group of people may exploit a plot of land collectively without expecting individual wealth, but only common well being.

He made the announcement Monday, when initialing a cooperation agreement between the Venezuelan Government and the Brazilian landless people (Sem Terra) movement, aimed at undertaking social work in the Madre Vieja agricultural, tourism endogenous development core, located in Chávez' home town Sabaneta de Barinas, southwestern Barinas state.

On Sunday, Chávez claimed he was focusing on this initiative, and invited the Brazilian landless to develop this core, comprising also the Andean towns of Boconó and Trujillo, together with Cuban and Argentinean experts.

"The devil of capitalism will not get into us and bring the idea that we are going to become rich. When this evil idea of accruing profits gets into a community, human, social sense of people is lost. You do not live happily in wealth," Chávez asserted.