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Of Cochin Stock Exchange and What It Means

K. T. Ram Mohan and K. Ravi Raman
Economic and Political Weekly
Vol. 25, No. 1 (Jan. 6, 1990), pp. 17-19
Stable URL: http://www.jstor.org/stable/4395768
Page Count: 3
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Of Cochin Stock Exchange and What It Means
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Abstract

The transformation of trading capital to industrial capital failed to take place in Kerala. Instead further accumulation was carried out through channels other than manufacture proper. With many of these channels drying up Kerala's investors-the state's lumpen bourgeoisie-have now turned to corporate securities of all-India industrial giants. The Cochin Stock Exchange is the Kerala bourgeoisie's new gambling den.

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