“Cannibal capitalism” in Spain, where hundreds of thousands are in the streets demanding an end to the country’s housing crisis that Madrid-based journalist and Canal Red analyst Irene Zugasti says killed 87-year-old Maricarmen Abascal. Zugasti joins Zoe Alexandra and Rania Khalek to explain why more than 1,500 tents now fill Madrid’s Puerta del Sol and unions have called a general strike for November 11 – Spain’s first since 2012: “If we hadn’t been in the streets, Sánchez would have done nothing.”
Zugasti explains why Spain’s housing crisis isn’t about a shortage of homes, but about who owns them, and why Prime Minister Pedro Sánchez called snap elections now, after the right defeated his emergency measures meant to stem the uprising. She says the movement is inseparable from a wave of youth-led revolts across Europe, from student strikes against rearmament and conscription in Germany to French students taking the streets of Paris. And with just 50 days until Spain votes, Zugasti says the choice Sánchez is selling may not be enough to stop the far right without a mass movement behind it.
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Rough transcript follows:
[Host:] Spain has seen massive protests over the past several weeks. Hundreds of thousands of people have taken to the streets to demand urgent measures to address the country’s housing crisis. These protests were sparked in large part by an 87-year-old woman, Mari Carmen, who had been fighting eviction from the home where she had lived for more than 70 years. On September 23, she was forcibly evicted from that home and passed away two weeks later, on October 7.
Mari Carmen’s struggle prompted a nationwide debate about the housing crisis, with activists in the streets demanding measures such as a ban on evicting vulnerable tenants, limits on short-term and room rentals, and a rent freeze. Spanish Prime Minister Pedro Sánchez capitalized on this energy and attempted to push through modest housing reforms in Parliament, but both measures were defeated by the right. In response, Sánchez called for snap elections, which are set to take place at the end of November. So, the political situation in Spain is very heated right now.
Here to break down what has been happening and what to expect from the upcoming snap elections is Irene Zugasti, a journalist and analyst with Canal Red.
[Irene Zugasti:] Hello, Rania. I’m so happy to be here with you at BreakThrough News. Hello from Madrid.
[Host:] We’re very excited to have you here. Your show is incredible, and we’re excited that English-speaking audiences can hear your insight and analysis. A lot is happening in Spain right now, and we have a lot to catch up on and explain to our viewers. As I said in the introduction, mass protests have been taking place, sparked by Mari Carmen’s eviction, but they have also ignited latent anger over the housing crisis. Walk us through how this situation evolved. What is the state of the housing crisis in Spain? How did it get this way? And how did an elderly woman’s struggle against eviction bring hundreds of thousands of people into the streets?
[Irene Zugasti:] I could say that we’re not getting bored in Madrid or Spain these days. We have a lot on the table. But let me introduce Mari Carmen’s story, because some people may not know it. Mari Carmen’s story isn’t unique. There are thousands of Mari Carmens in Spain, but she became a symbol because she embodied the injustice that millions of people in my country—and in many other countries in Europe—face every day.
She was an 87-year-old woman who had lived in the same flat in central Madrid for decades, perhaps 50 years or more. Her parents rented the flat, and she had paid the rent every single month of her life. But eight or 10 years ago, an investment fund—a “vulture fund,” as we call them—bought the whole building. Her rent rose from around €500 a month to €2,650. Obviously, she couldn’t afford that. The goal was to force her out so they could buy the whole building and turn it into high-end luxury flats.
She couldn’t afford the rent. She was elderly, had a disability, and lived alone. She got in touch with the tenants’ union, the housing-rights movement, which is amazing. They helped her with the eviction process, found her a lawyer, supported her, and tried to stop the eviction whenever the police came to her home. They took direct, nonviolent action, blocking her door so the police couldn’t get through.
But finally, on September 23, two or three weeks ago, the police broke down her door. They had to carry her out on a stretcher because she was too old and too frightened to walk. That image was shocking for millions of people in Spain. They thought, “What the hell? How can an 87-year-old woman be taken out of her family home, almost dying, because an investment fund wants to do business with a house that has been her family home?”
From her hospital bed, she recorded a very moving video saying that what had happened to her should inspire people to fight and not stop fighting. Unfortunately, she died on October 7, after 15 days in the hospital.
The day after the eviction, the tenants’ union and many other political organizations—including youth organizations, housing-rights groups, anti-racist movements, and communist and socialist groups—decided to camp in central Madrid, in Puerta del Sol. Today, there are more than 1,500 tents and thousands of people organized there. It’s like a little city, a community. They’re demanding real measures and doing politics there.
Before I continue, I wrote down some figures about the housing crisis, because I’m not sure people have a sense of its scale. The problem isn’t limited to the Global North, but in Spain it’s extreme. It’s not a housing problem; it’s a problem of who owns the houses. The housing crisis is the country’s number-one problem in official polls, year after year. It reflects the failure of capitalism itself, as well as problems with wages, working conditions, and growing inequality.
To give you the full picture: the average age at which people leave home in Spain is 30. It’s hard to live with your parents until you’re 30. Renters earn around €20,000 to €25,000 a year. Landlords who own multiple properties—three, four, five, seven, or 10 houses—earn almost four times as much. Their income comes directly from renters’ pockets. The richest 10% of the country owns more than 40% of all housing wealth in Spain. Large landlords are becoming a majority. Those who own more than 10 properties are effectively taking our wages and salaries.
Imagine that you or I want to live alone in an ordinary flat in Madrid. We would have to spend 98% of our take-home pay—of the average gross salary—to do that. It’s impossible to have a life like that. My country is splitting in two: those who have nothing and those who are accumulating more and more. The gap is growing faster and faster. It’s cannibalism—it’s cannibal capitalism.
Some people say the problem is that we need to build more houses. No, that’s not the problem. There are houses for everyone. There are more houses than ever; the issue is that they’re concentrated in fewer hands. It’s not a crisis of supply. Housing is no longer treated as a human right, even though it’s written into our Constitution. Houses have become financial assets.
Let me end with this: the tenants’ union and the people in the squares are saying that Mari Carmen didn’t die; she was killed. She was killed by this whole machinery: the vulture fund, the courts that ordered her eviction, the police who broke into her home and took her out, and politicians such as Pedro Sánchez, who did nothing and said, “We aren’t strong enough to change the law in Parliament. This is a very difficult, complex problem because many people with different situations are involved.” Come on—you all killed her.
And just as you killed her, many people are suffering and dying. Two people have died by suicide because of evictions in the last two weeks. Many people are dealing with serious mental health problems because they know they may be kicked out of their homes in a couple of weeks. How can you be a healthy person in that situation? You become completely sick. That’s what’s happening. It’s a crisis of capitalism itself, not just a housing crisis.
[Host:] I like the way you described it as cannibalism. In so many ways, that’s what capitalism leads to. I want to ask you to elaborate, because you mentioned the encampment in central Madrid. Yesterday, on Spain’s national holiday, there was a confrontation at Puerta del Sol between far-right activists and people demanding housing reform. Can you talk about the encampment and what happened yesterday?
[Irene Zugasti:] The encampment is beautiful. I wish you could visit it. I think it’s one of the most beautiful things that has happened in Spain in the last five or 10 years, along with the Palestine movement and the feminist strikes.
It began around September 26 or 27, after Mari Carmen’s eviction. It’s in front of the headquarters of Isabel Díaz Ayuso, who leads the right-wing regional government in Madrid. That location is symbolic. In just a few days, the encampment became a small community. They organized an assembly and teams working on different issues, including security, mediation, law, and anti-racism. A lot is happening in that square. They’ve achieved things: every morning, they go out and try to stop an eviction. They’re putting pressure on the government and calling for a general strike.
It’s not just people organized around tenant unions. There’s a large socialist movement, too. People are discussing questions such as whether to expropriate the funds and how to lower rents or impose rent control. The people there are very young. The average age may be 20 or 25, and they’re speaking in terms of class war, which hasn’t been very common in recent years in Spain.
They’ve been criminalized using the same playbook you’ve seen in the United States under Trump: counterterrorism rhetoric and attacks on Antifa. They’ve been accused of being terrorists and having weapons because they were cutting sandwiches with knives. They’ve also been accused of harboring pro-Palestinian radical organizations—which we probably do, of course. The framing is that they’re communists, radicals, and troublemakers. But they represent the feelings of millions of people.
What happened yesterday? Every year, Madrid has an awful event: the October 12 parade for the national day. It celebrates what’s called the “Conquista” of the Americas—the conquest and genocide of Indigenous people—and includes military parades, the king, the president, ministers, and so on.
Many people who came to the parade were fascists. They decided to go attack the encampment in Puerta del Sol because it’s nearby. They came with the aim of attacking the people there. What kind of patriots are you? What kind of national project, what kind of Spain and Hispanidad, do you want to build? If your plan for your national day is to attack people asking for housing rights and social justice, that’s Spanish nationalism at its worst.
The beautiful thing—and I was there and saw it myself—was that people formed a human chain around the camp, chanting, “Here we are. We’re anti-fascists. Here we are.” They were saying, “We’re ready. This is a peaceful protest, but we’re not going to allow these people to break up and destroy what we’ve been building for two weeks here in Madrid.”
They didn’t wait for anyone to protect them. They organized themselves and protected the square. There are many young people, but also older activists and people who are curious, strolling around and talking with the activists. Artists are performing. There are many things happening there, and security matters.
At the end of the day, the fascists spent hours walking around and trying to intimidate people, but eventually they left. It’s important and interesting because that’s basically the project of the Spanish right and far right. They align themselves with Trump’s international far-right movement. They’re violent and irrational, and they decide that their enemy is people fighting for justice and rights. That’s it.
[Host:] It’s quite poignant that fascists are attacking people who are simply asking for housing. That’s where their class interests lie. If you wanted any more clarity, that’s what it is. In a way, it’s helpful for us—but terrifying at the same time.
This struggle hasn’t remained confined to the streets. After these weeks of protests, Pedro Sánchez proposed two bills—albeit very lukewarm ones—to address the housing crisis. As I said earlier, they were defeated in Parliament. After the defeat, he called for snap elections on November 29. This has been controversial. Many people have speculated that the far right could make significant gains in the election. What’s your assessment of where Spain stands politically heading into the elections? And what are the other major issues on people’s minds besides housing?
[Irene Zugasti:] I would say Pedro Sánchez—I don’t like him, but he’s a smart guy. He made some calculations. The majority in Congress isn’t simply a question of right versus left. If you consider Pedro Sánchez to be somewhat left-wing, the majority is made up of landlords and capitalists. There are capitalists on the left and on the right.
It’s true that this bill—a bare-minimum decree—was proposed after the encampment and demonstrations, because of pressure from people in the streets. If we hadn’t been in the streets, Pedro Sánchez would have done nothing. He saw the situation and thought, “Now’s the moment. I’m going to propose a bill.” But of course, he knew neither of the two bills would pass. The right wing wouldn’t support them, and they were put together very quickly, without debate.
Even though the watered-down decree would have banned evictions of vulnerable people in certain cases and tried to extend rental contracts for a couple of years, it did nothing to address the key problem. The housing market has to be intervened in on behalf of working people, not landlords and capital. The market is already being intervened in, but on behalf of capitalists. That’s the only real way to stop this inequality, which is costing people’s lives, like Mari Carmen’s.
Without pressure in the streets, Pedro Sánchez wouldn’t have done this. He’s a handsome reformist, very socially liberal, and he shines in Europe because Europe is so sad, fascist, ugly, and terrible. He’s the lesser evil. A very handsome lesser evil. But he’s far from what a party that calls itself the Socialist Workers’ Party should be doing about this problem.
What little he has done has been aimed at not upsetting renters—I mean, landlords, the owner class. Every time he made a small improvement in rental conditions, he offered tax breaks and incentives for landlords. He never touched property ownership or the dynamics of enrichment in Spain.
The snap election is happening because Sánchez is smart. He turned the defeat in Congress and the anger in the streets into a campaign. He’s saying, “It’s now or never.” If he waits a few months, the far right—with all these Trump-inspired groups and powers now helping the Spanish right, which is already very strong—could take everything. But if he calls elections now, the debate might be about housing or the far right; about him or barbarism.
He’s smart because he has a chance, although a small one. I’ve been obsessively studying the numbers: how votes might go in each region, territory, and city, and whether we can get a small majority. It’s difficult. The results could be similar to those in Colombia or Peru, and the far right is getting stronger. That’s why we have 50 days to go.
There’s also a real, transformative left, an institutional left that is more radical on its terms, and they’ll run in the elections. But even with Sánchez’s Socialist Party and the parties to its left—the real left—the numbers are still very difficult. We have to vote in 50 days, and everyone is a bit anxious because we’ve seen what’s happening in Latin America and in many other countries in Europe. We’ve seen it here, too.
We’re hoping that the general strike organized by the people in the streets, the unions, and the social movements might be a game changer. Maybe it will make people feel that they have a chance to change things. But we’ll see what happens.
[Host:] On that note, as we wrap up, Spanish trade unions representing millions of workers have announced a general strike for November 11. Alongside demands concerning working hours, wage increases, health and safety in the workplace, the eradication of precarious employment, and progress in collective bargaining—all important issues—the unions have also brought housing into the strike. What do you make of this call to strike? Do you see momentum continuing in the streets in the coming days and weeks?
[Irene Zugasti:] My generation—we millennials—are very excited. This is something we thought we would never see again. It’s the first general strike since 2012. There was a feminist strike, but it wasn’t the same, because this is a classic labor strike, even though it was born outside the workplace. It began in the neighborhoods and in the squares, in response to the housing problem.
The smaller unions—the housing-rights unions and more leftist, activist unions, rather than the big ones—are the ones that have pushed them to act. The question is what the strike’s political framework will be. Whatever happens, it’s going to be historic. I’m very optimistic because I’ve never seen so many people talking about a strike in 10 or 15 years. There are strike committees organizing in neighborhoods, universities, schools, and workplaces. That’s always good—like going to the gym. It’s good to exercise.
The demands are still being decided and debated. Of course, they include wages and rent: cutting rents by 50%, getting permanent rental contracts, and expropriating the vulture funds. But many other things are on the table. For example, rearmament is an issue in Europe. I saw your interview with Bolenko; he explains it brilliantly. Europe is preparing for war at the expense of social spending, housing rights, social security, public health, and public education, with NATO’s target of 5% of GDP for each member state.
That’s closely related to the housing crisis. The amount of money the Spanish government spent just this month buying weapons from the United States and Israel is the same amount it promised to spend over the next five years on social housing. One month versus five years. They invest 10 times more in producing things to kill people than in building housing so people can live. It’s crazy.
I think one of the strike’s other goals is to connect struggles across Europe. In Germany, students are holding school strikes against military service and rearmament. In France, people are mobilizing for public education and other social rights. In Spain, the issue is housing. If you put these struggles together, maybe this awful Europe—which is the whole drama—has a chance to change things.
It’s the youngest people who are telling us, “This is over. We’re the generation that has faced the worst of this late-capitalist period, and we don’t want to be discussed as if other people can define who we are and what we want. We know this is a class war. We want to build up minorities and hegemonies to change things in the streets and maybe in institutions, too.” They’re still organizing, but they’re challenging the old structures because those structures have failed them.
They’re the real no-future generation, and they’re proving that they have tools, knowledge, and the ability to organize themselves much better than many people thought. We’ve read a lot about how the youngest generations are far-right and more conservative than ever. That’s not true. Look at Paris. Look at Madrid. There’s hope there. I’m speaking like a grandmother—no, I’m not. I still think I’m young, but I have a lot of hope in them.
[Host:] I think that’s the right direction. It’s quite impressive to see the streets of Europe filled with young people demanding change. We’ve followed the situation in France very closely, as well as the student strikes in Germany and the movement in Spain. It’s very inspiring. I think young people, including you, can turn Europe around in the right direction. Thank you so much for joining us. This has been an absolute pleasure.
[Irene Zugasti:] Let me send my solidarity to you and your colleagues at BreakThrough News. I know your government is also targeting you because you’re doing brilliant journalism. Solidarity from Madrid, from all my colleagues.
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