Posts

Rich

Rich people rule and poor people live the best they can – Jóse Saramago

While poor people are hardly recovering from the economic crisis, rich people get richer. Portugal’s 25 richest families possess this year €18.8 billion – 10% of the country’s wealth (GNP) – against 15 billion euro in 2016. ‘This almost 4 billion increase is the biggest in recent years’, according to the Portuguese magazine Exame.

Heading the list is the Amorim family with a net worth of €3.8 billion. The founding father of the imperium Américo Amorim – also known as ‘the king of cork’ [ http://lusolobo.com/kurk] – died last June at the age of 82. He was Portugal’s richest man and occupied in 2017 position 385 – ahead of Donald Trump – on Forbes’ list of wealthiest people in the world.

Second is Soares dos Santos – holding the largest supermarket chain in the country, Pingo Doce – with a personal fortune of €2.5 billion.

In third place the Guimarães de Mello family – owner of Brisa, Portugal’s biggest road and toll enterprise – estimated to be worth €1.5 billion.

The first woman can be found in eighth place. Maria Isabel dos Santos is Portugal’s richest woman – shareholder in the Jerónimo Martins group – and worth €665 million.

‘To think that nowadays in our country one million people – that is 10% of the population – regular have to skip meals due to financial problems is a shame’, says Carla Lopes, a nutritionist at the Public Health Institute of the University of Porto.
One-fifth of the population is facing a situation of food insecurity, meaning their access to healthy food is limited due to financial constraints.

‘If you compare this to ten years ago, we can see a marked increase, reflecting the impact of the past economic crisis’, says Helena Canhão, an investigator at the Health Science Faculty of the New University of Lisbon.‘ This is a serious public health problem as unhealthy nutrition leads to chronic diseases, like diabetes and obesity.’

Fortunately, the tide is turning. The economy is growing, export rising and unemployment dropping [Fairy tale ]
The challenge for the left wing government of António Costa in the years to come, is to realize its socialist ambitions by distributing wealth in a more equal way.

BOM FIM DE SEMANA                                                                                              [photos SAPO]