sep 7th, 2007
not a surprise to readers of this blog. i have consistently said that kerala is the home of a cargo cult, dependent totally on migrant remittances.
yes, all those grand edifices in dubai are built on the blood, sweat and tears of migrant kerala laborers.
but it is also true that a number of families have climbed into the middle classes through their migrant children, and it's not just to the gulf; it was to singapore before that, and then of course there are the 1 million kerala christist nurses toiling away in every hospital on the planet. and some of the people who went to the gulf have become immensely rich through real estate/construction companies.
the bloody 'kerala model' is absolute nonsense, even though the communists keep bleating about it! and that fellow sen is supposed to have got his nobel for the invention of the 'kerala model'. actually he got it because he was clever enough to marry a rothschild.
kerala's economy would collapse within about 10 minutes if the arabs starting sending people back.
also, you might find it hard to believe, land prices in kerala are at california levels. land in parts of trivandrum goes for rs. 10 crores an acre, ie. $2.5 million. cochin is even more expensive. is this a classic bubble? maybe.