 Broadly, "Chavismo" policies include nationalization, social welfare programs and opposition to neoliberalism (particularly the policies of the International Monetary Fund and the World Bank).According to Chávez, Venezuelan socialism accepts private property, but this socialism seeks to promote social property too, much like social democracy while also supporting participatory democracy.In January 2007, Chávez proposed to build the communal state, whose main idea is to build self-government institutions like communal councils, communes and communal cities.