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[POLITICS] · Spain · 2 sources

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Economic inequality and corporate profits criticized in Spain

In a series of letters to the editor, Cesáreo Lorenzo Rodríguez criticizes the economic pressures facing ordinary citizens in Spain. The author argues that the root causes of societal hardships are not immigrants or government mismanagement, but rather the excessive profits of major corporations.

Specifically, the text cites oil companies like Repsol, which reported tripled profits while citing war as a reason for high fuel prices, and electricity providers such as Naturgy, which continue to see growing profits despite the increasing use of renewable energy in Spain. Additionally, the author highlights the high profits of the banking sector and the price disparities in the supermarket industry, where farmers receive minimal pay while retail prices remain high.

The author concludes that wealthy interests use political influence and media manipulation to deflect blame onto vulnerable groups, such as immigrants, to avoid scrutiny of their own economic impact.

Entities

Naturgy · Repsol · Spain

Sources

La culpa es del negro [www.atlantico.net]
La culpa es del negro [www.laregion.es]