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Looks like this is one sided political propaganda article. Googling shows real picture. Unemployment is at 40%. https://en.wikipedia.org/wiki/Unemployment_in_K

by kappi 2y ago

Looks like this is one sided political propaganda article. Googling shows real picture. Unemployment is at 40%. https://en.wikipedia.org/wiki/Unemployment_in_Kerala https://en.wikipedia.org/wiki/Unemployment_in_Kerala Kerala is in the grip of a surging drug crisis https://economictimes.indiatimes.com/news/india/kerala-is-in-the-grip-of-a-surging-drug-crisis-the-state-is-cracking-down-but-the-ground-is-slipping-under-its-feet-why/articleshow/119350880.cms https://economictimes.indiatimes.com/news/india/kerala-is-in... Kerala rooting on central govt to solve state's Rs 26,000 crore monthly expenditure crisis https://keralakaumudi.com/en/news/news.php?id=1498119&u=kerala-rooting-on-central-govt-to-solve-states-rs-26000-crore-monthly-expenditure-crisis-1498119 https://keralakaumudi.com/en/news/news.php?id=1498119&u=kera...

xyst 2y ago
yup, a definitive “neoliberal”/“neoclassical” economic theory puff piece.
- harichinnan 2y ago
  Crime statistics are because Kerala Police isn’t as corrupt and registers more crimes compared to rest of India. It’s a good thing as most crimes goes unreported in India as police are corrupted in rest of India.
- impomura 2y ago
  a neoliberal neoclassical puff piece on the only region in india ruled by the communist party? that's fresh
  - cafeoh 2y ago
    The region has remnants of socialist ideas. The article, however, is indeed a puff piece on the vastly dominant economic theory, which is, as it turns out, not "fresh" at all. I will say however that I think it's unfair to call professor Roy a neoliberal. Being a neoliberal is merely the expectation for most economic "theorists", but his vocal apologetics for imperalism and colonialism is not. > Indian Marxists viciously attacked the CEHI, arguing the imperial state's aim was to extract surplus from India, that it withheld the capacity to do good in famines, and deployed the capacity to cause harm at all other times. > In this void, blog and trade-book writers moved in with a leftist-nationalist political agenda posing as economic history. Most of their claims can be dismissed by subjecting them to the 1980s test: Can economic change be read as an effect of the Empire? The answer remains: No. This is indeed a very powerful purity test, "Do your claim go against my utterly ahistorical narrative? If not, then I can comfortably dismiss them without addressing them." > That India's trade surplus meant Britain looted India is bad logic because the surplus did not mean theft but the purchase of services. “Millions of Indians died of policy-induced famines” (Hickel) is bad logic by assuming infinite state capacity was deliberately withheld. This one is quite rich aswell, it's just blunt unapologetic imperalism denial. It's bad logic because the logic bothers me. I mean it just goes on and that's just his most recent tweets.
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rafram 2y ago
You’re reading the youth unemployment rate. Overall is only 9% (still not great, but much better).
jeswin 2y ago
Yep. I lived there for the first two decades, and outside Kerala for the next two and a bit. The only thing Kerala exports is the workforce, since it's impossible to start anything in Kerala thanks to politics and high costs. I know because I've tried. Kerala had historical ties with the Middle East thanks in part to a substantial Muslim population, and the migrant labour force was able to funnel some of Middle Eastern prosperity during the oil boom years back into the state. That is in a nutshell, Kerala's economic story. Speaking of the left, I remember being next to a protest circa 1990 against ... computers!
- harichinnan 2y ago
  You aren’t keeping up then. Remittances is a much smaller % of economy these days.
  - jeswin 2y ago
    Ten years back remittance was 31% of the GDP [1] - a massive number. It might have declined, but the tiny state accounts for 20% of India's inward remittance while holding a mere 3% of the nation's population. Wikipedia says that 3 million people are working abroad (mostly in the middle East), which is like 10 percent of the population (what percentage of the youth will that be?). Also, a very significant number of Malayalees work in neighbouring states - again due to Kerala having no industries. I don't have numbers for the last ten years, but if remittance has gone down, it is also neck deep in debt. I am in Kerala quite frequently, and can confirm that there are no industries there - except for tourism, and some IT which is relatively miniscule compared to neighbouring states. [1]: https://en.m.wikipedia.org/wiki/Economy_of_Kerala https://en.m.wikipedia.org/wiki/Economy_of_Kerala
    - gyan 2y ago
      Remittances for 2023 made up 23% of state GDP. Table 5.2, pg 51 of https://iimad.org/wp-content/uploads/2024/06/KMS-2023-Report.pdf https://iimad.org/wp-content/uploads/2024/06/KMS-2023-Report...
- giraffe_lady 2y ago
rakejake 2y ago
The article is a classic submarine[0] for Kerala. "The state has one of the highest concentrations of startups". I laughed out loud at this one. Of all the half-truths peddled in that article, this was easily the most hilarious and egregious. [0] - https://www.paulgraham.com/submarine.html https://www.paulgraham.com/submarine.html
- seltzered_ 2y ago
  Perhaps they mean small business entrepreneurship, not tech startups?
  - rakejake 2y ago
    Whatever it is I am not buying it. Kerala is notoriously an incredibly hard place to do business in, so a line like this needs some real hard stats to back it up.

by kappi 2y ago

xyst 2y ago

yup, a definitive “neoliberal”/“neoclassical” economic theory puff piece.

harichinnan 2y ago
Crime statistics are because Kerala Police isn’t as corrupt and registers more crimes compared to rest of India. It’s a good thing as most crimes goes unreported in India as police are corrupted in rest of India.
impomura 2y ago
a neoliberal neoclassical puff piece on the only region in india ruled by the communist party? that's fresh
- cafeoh 2y ago
  The region has remnants of socialist ideas. The article, however, is indeed a puff piece on the vastly dominant economic theory, which is, as it turns out, not "fresh" at all. I will say however that I think it's unfair to call professor Roy a neoliberal. Being a neoliberal is merely the expectation for most economic "theorists", but his vocal apologetics for imperalism and colonialism is not. > Indian Marxists viciously attacked the CEHI, arguing the imperial state's aim was to extract surplus from India, that it withheld the capacity to do good in famines, and deployed the capacity to cause harm at all other times. > In this void, blog and trade-book writers moved in with a leftist-nationalist political agenda posing as economic history. Most of their claims can be dismissed by subjecting them to the 1980s test: Can economic change be read as an effect of the Empire? The answer remains: No. This is indeed a very powerful purity test, "Do your claim go against my utterly ahistorical narrative? If not, then I can comfortably dismiss them without addressing them." > That India's trade surplus meant Britain looted India is bad logic because the surplus did not mean theft but the purchase of services. “Millions of Indians died of policy-induced famines” (Hickel) is bad logic by assuming infinite state capacity was deliberately withheld. This one is quite rich aswell, it's just blunt unapologetic imperalism denial. It's bad logic because the logic bothers me. I mean it just goes on and that's just his most recent tweets.

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rafram 2y ago

You’re reading the youth unemployment rate. Overall is only 9% (still not great, but much better).

jeswin 2y ago

Yep. I lived there for the first two decades, and outside Kerala for the next two and a bit. The only thing Kerala exports is the workforce, since it's impossible to start anything in Kerala thanks to politics and high costs. I know because I've tried. Kerala had historical ties with the Middle East thanks in part to a substantial Muslim population, and the migrant labour force was able to funnel some of Middle Eastern prosperity during the oil boom years back into the state. That is in a nutshell, Kerala's economic story. Speaking of the left, I remember being next to a protest circa 1990 against ... computers!

harichinnan 2y ago
You aren’t keeping up then. Remittances is a much smaller % of economy these days.
- jeswin 2y ago
  Ten years back remittance was 31% of the GDP [1] - a massive number. It might have declined, but the tiny state accounts for 20% of India's inward remittance while holding a mere 3% of the nation's population. Wikipedia says that 3 million people are working abroad (mostly in the middle East), which is like 10 percent of the population (what percentage of the youth will that be?). Also, a very significant number of Malayalees work in neighbouring states - again due to Kerala having no industries. I don't have numbers for the last ten years, but if remittance has gone down, it is also neck deep in debt. I am in Kerala quite frequently, and can confirm that there are no industries there - except for tourism, and some IT which is relatively miniscule compared to neighbouring states. [1]: https://en.m.wikipedia.org/wiki/Economy_of_Kerala https://en.m.wikipedia.org/wiki/Economy_of_Kerala
  - gyan 2y ago
    Remittances for 2023 made up 23% of state GDP. Table 5.2, pg 51 of https://iimad.org/wp-content/uploads/2024/06/KMS-2023-Report.pdf https://iimad.org/wp-content/uploads/2024/06/KMS-2023-Report...
giraffe_lady 2y ago

rakejake 2y ago

The article is a classic submarine[0] for Kerala. "The state has one of the highest concentrations of startups". I laughed out loud at this one. Of all the half-truths peddled in that article, this was easily the most hilarious and egregious. [0] - https://www.paulgraham.com/submarine.html https://www.paulgraham.com/submarine.html

seltzered_ 2y ago
Perhaps they mean small business entrepreneurship, not tech startups?
- rakejake 2y ago
  Whatever it is I am not buying it. Kerala is notoriously an incredibly hard place to do business in, so a line like this needs some real hard stats to back it up.