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The Political Economy and Approaches Question 1

ThePolitical Economy and Approaches


Whenthe government plays an active role in the economy, most individualsdo not fully enjoy as it would be the case with its absence. Thegreatest benefits, if the state has no role, is that people andinstitutions will be in a position to possess goods and wealth asmuch as they can because they are not obligated to redistribute them.The aim of the government is to ensure that the allocation of suchresources is balanced between those who have and the class thatlacks. The poor will, therefore, continue to be underprivileged whilethe rich will continue to enjoy their wealth if the state has no roleto play. On the other hand, firms will be at liberty to charge theprices they feel comfortable with their products and service as theyare not controlled. This will enable them to get more profits thatwill finance their operations from time to time.

Thoughthis is advantageous to the few, it will be a limitation to the manybecause there are social services that will lack among the citizensas they require substantial capital to have them. If the privatefirms can afford to provide, it will be at a profit, and the greatestpercentage of the population has no funds to access them. However,the government ensures that the social goods that are imperative toit people are made available as it is not after making the profits.Similarly, the citizens will be hugely exploited by the exorbitantprices that are charged by the private companies. They may also endup consuming dangerous goods because of the illegal activities thatmay be taking place as the state does not monitor the operationstaking place in the country (Danziger, 2015).


Themain flaw with the elite approach is that the decision on most thingsthat directly affect the state are based on the hands of the fewelites without taking into account the suggestions of the masses.This can adversely affect the majority as the decisions made may notreflect their needs. Thus, the choices made can be for the good ofthe makers and not those who have no chance to contribute to theirimplementation (Stone, 2013).

Withthe class approach, there is a structured inequality that results dueto the distribution of the values in the society that will often leadto the conflicts between the existing classes. The lower levels mayneed to increase their share of the value which is not possible as itwill be at the expense of the upper strata. The struggle will becomeinevitable because of these imbalances as the top ones will utilizedifferent strategies to ensure that they do not lose their value. Incomplicated situations, the crisis may lead to forms of violence likeriots and strikes.

Thesignificant disadvantage of the pluralist approach is that the publicpolicy decision makers are influenced by the political resourcesavailable. These facilities can often be misused and the resolutionsmade serve the interest of the majority thereby affecting theminority negatively as they can be exploited beyond their capability.These resources should be in the hands of the individuals, andcontinued misuse may make them weak. Likewise, if the members belongto more than one group, there is a possibility that their interestsmay overlap at one given point and lead to a conflict betweenthemselves (Freedeman, Sargent and Stears, 2013).


Danziger,J. N. (2015). Understandingthe Political World: A Comparative Introduction to Political Science(12th ed.). Upper Saddle River, NJ: Pearson.

Freeden,M., Sargent, L. T., &amp Stears, M. (2013). TheOxford Handbook of Political Ideologies.Oxford, United Kingdom: Oxford University Press.

Stone,D. (2013). Capturingthe Political Imagination: Think Tanks and the Policy Process.Routledge Publishers.