0 a form of government in which people must own property in order to be part of the government --
Plato gives a detailed account of the problems usually faced by the oligarchies of his days, which he considered as significantly more troubled than the former system, that of timocracy.
Aristotle describes timocracy in the sense of rule by property-owners: it comprised one of his true political forms.
Socrates argues that the timocracy emerges from aristocracy due to a civil war breaking out among the ruling class and the majority.
The governants of timocracy value power, but they seek to attain it primarily by means of military conquest and the acquisition of honors, instead of intellectual means.
His was the first known deliberately implemented form of timocracy, allocating political rights and economic responsibility depending on membership of one of four tiers of the population.
Socrates points out the human tendency to be corrupted by power leads down the road to timocracy, oligarchy, democracy and tyranny.
It begins with the dismissal of timocracy, a sort of authoritarian regime, not unlike a military dictatorship.
The timocracy involves a lot of compromise, between wealth and virtue.
