Guidelines For XAT 2009 Essay

The Inherent vice of Capitalism is unequal sharing of blessings and the inherent virtue of Socialism is equal sharing of misery.

 

An interesting topic, which required some awareness of the two political and economic systems. Some points worth exploring in this essay were:

 

1) The historical development of Capitalism as a major force shaping the modern world.

 

2) The rise of Socialism as a countering force as visualized by Karl Marx and other thinkers.

 

3) Major Socialist movements such as the Russian Revolution.

 

4) How Capitalism came to be viewed as a credo and how the world got bi-polarized into the Capitalist and Socialist blocks.

 

5) Lessons from the 20th century- how Socialism and Communism failed to stem the economic collapse of Russia. Ironically enough, the virtue ‘of equal sharing of misery failed to sustain Socialist governments’.

 

6) The enduring appeal of Capitalism even though the vice of unequal distribution of wealth persists- example of how erstwhile Socialist regimes like China are embracing market Capitalism today.

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8 Responses

  1. i covered the same points and in the same order.. excepting the second last point ….
    just that.
    keepin my fingers crossed…
    hoping for the best.

  2. Hello,

    I dont think there is enough scope to highlight and discuss the points as mentioned here.
    By the way, what is the significance of this essay?Hows does it distinguish between candidates and at what stage?

  3. the essays come into the picture at the interview stage…

  4. Is this the only solution to explain the topic.

  5. d great success stories of d roaring dragon of communist- socialist CHINA………
    n our own INDIAN ELEPHANT………….r d most genuine examples depicting d essence of d given topic

  6. Just a question..
    Does a good essay increase one’s chance of getting a call from XLRI\XIMB or is it just the XAT score which counts??

  7. how we prepare XAT-2011 with CAT-2010,what extra needed

  8. Nice article. It cover most part of the easy.

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