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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
Published by: Economic and Political Weekly
Stable URL: http://www.jstor.org/stable/4395768
Page Count: 3
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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.
Economic and Political Weekly © 1990 Economic and Political Weekly