This is how a timocracy turns into an oligarchy, where riches are concentrated in the hands of a few.
Plato also highlights problems an oligarchy will face as a result of this divide.
? The rich men will consolidate power and wealth leaving the poor desperate for social emancipation, causing them to rebel against the oligarchs.
? Also, the threat from foreign aggressors may be greater, as the governing class, due to their far lesser numbers will be unable to amass a huge army, they will be reluctant to arm the oppressed working class too, fearing a revolt.. Like before, Plato says that the oligarch can be the son of a timocratic king, but without the love of honor and integrity that the latter possessed. The laws are therefore changed to enable only the ruling class to hold great wealth, thereby guaranteeing their supremacy over the worker class. However, he is also astute as he knows mindless spending can bring even a rich man to his knees and is therefore, moderate in his pursuit of materialistic pleasures.
Although the aristocratic form of government as described by Plato expressly forbids the king from owning property (his needs are satisfied by the voluntary contributions of his people) the kings in a timocracy and oligarchy are allowed to do so. They accumulate wealth and spend it, often in excess, leading to a dependence on monetary policy and increase in the demand of wealth in the general population. He is more in tune with materialism and gives in wholeheartedly to the accumulation of money and riches
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