Timocracy

Definition and stakes

Portrait of George Grote George Grote,  Plato and the Other Companions of Sokrates…

“ Out of this timocracy, or timarchy, the city will next pass into an oligarchy, or government of wealth. The rich will here govern, to the exclusion of the poor. Reason, in the timocracy, was under the dominion of energy or courage: in the oligarchy, it will be under the dominion of appetite. The love of wealth will become predominant, instead of the love of force and aggrandisement. ”
Source: Gutenberg

Portrait of Plato Plato,  The Republic of Plato

“ The ruin of the timocratical man gives birth to the oligarchical. A time arrives when the representative of timocracy has a son: at first he begins by emulating his father and walking in his footsteps, but presently he sees him of a sudden Bfoundering against the State as upon a sunken reef, and he and all that he has is lost; he may have been a general or some other high officer who is brought to trial under a prejudice raised by informers, and either put to death, or exiled, or deprived of the privileges of a citizen, and all his property taken from him. ”
Source: Gutenberg

Emory S. Bogardus,  A history of social thought (1922)

“ With their spirit of contention and of ambition for honor these adventitious guardians will start the perfect state upon the downward road.V-74 When the rulers seek personal power and honor, the ideal republic will be superseded by a timocracy.
In a timocracy the ruler with the most private wealth will possess the greatest personal power and receive the highest honor. Moreover, other persons will be stimulated, thereby, to acquire wealth and power. In the meantime the masses will lose nearly everything.
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Source: Gutenberg

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