The oligarchs together can operate by making good but unpopular decisions and then replace the puppet government. If an oligarch happens to be more benevolent than others, then he might invest in the wellbeing of the country that he controls. This distracts from focusing on arriving at an agreement on real solutions to benefit the nation. Sometimes democratically elected leaders will avoid making difficult decisions that are unpopular. On the other hand, politicians from democratic governments invest a lot of time running against and blaming their political opponents. Oligarchs do not need to worry about public opinion when they make decisions. The Pros of Oligarchy Long-Term SolutionsĪn advantage of the oligarchical system is that the oligarchs can seek long-term solutions to problems without concern for short-term offices and winning democratic elections. The common people are left to deal with the consequences. Aristotle’s warnings against oligarchy ring true because the oligarchs can simply leave after destroying the countries that they manipulated. Most disadvantages to the oligarchs are mere inconveniences whereas disadvantages to the people can have disastrous consequences to their lives and the nation as a whole. While poor people starve, the actual oligarchs themselves remained sheltered from the suffering that they can cause. The disadvantages of the oligarchy are experienced more by the general population. The few benefits of oligarchy as a form of government are usually taken by the ruling elite and very little gain is distributed to the common people. Corruption becomes very common in plutocracies. The oligarchic plutocrats can then abuse their position to protect their monopoly on power. In a plutocracy, a few families who disproportionately hold the majority of the wealth ruled over the rest of the population. ![]() Oligarchs are most likely to agree to share wealth based on their money. Historically, plutocracy dominates as the main form of oligarchy. Related: What are the Different Types of Oligarchies? Who Benefits? Theocracy is another type of oligarchy where rulership is sometimes shared by a few religious leaders. Technocracy is rulership by the technological experts who have special power than others do not. Plutocracy is rulership by a few rich oligarchs or plutocrats based mainly on their wealth. The most common types of oligarchy are plutocracy, technocracy, theocracy and many others. This form of government can be distinguished into several distinct types. There are more than one ways that an oligarchy can operate. Aristotle stated that the oligarchy was a small cohesive political class which ruled in its own interest rather than for the people. In contrast he claimed that a monarchy, aristocracy or a mixed republic was more likely to achieve justice. Aristotle believed that the oligarchs would not aim to achieve justice or political benevolence. He claimed that oligarchy was an inferior form of government. In The Politics, Aristotle compared oligarchy to other forms of government like autocracy. The term “Oligarchy” was pioneered by the ancient Greek philosopher Aristotle. ![]() Read on for a further look at the origins of oligarchy and its various advantages and disadvantages. The cons are many and include there being no single leader, the propensity for tyrannical power, monopolies, no free press, stifled innovation and more. The pros of oligarchy include long-term solutions and less citizen responsibility. ![]() That being said, what are the pros and cons of oligarchy? In an oligarchy power is kept closely by a few people who agree to share power for mutual gain. Oligarchy can be contrasted with monarchy which is a government with a single absolute authority. The oligarchs usually share a common trait such as wealth, nobility, religion, education, ethnicity, political ideology, military control or family. Oligarchy is defined as “government by the few.” It is a form of government characterized by the rule of a few people.
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