means.

I believe that oligarchy follows next in order.

And what manner of government do you term oligarchy?

A government resting on a valuation of property, in which the rich have
power and the poor man is deprived of it.

I understand, he replied.

Ought I not to begin by describing how the change from timocracy to
oligarchy arises?

Yes.

Well, I said, no eyes are required in order to see how the one passes
into the other.

How?

The accumulation of gold in the treasury of private individuals is the
ruin of timocracy; they invent illegal modes of expenditure; for what do
they or their wives care about the law?

Yes, indeed.

And then one, seeing another grow rich, seeks to rival him, and thus the
great mass of the citizens become lovers of money.

Likely enough.

And so they grow richer and richer, and the more they think of making
a fortune the less they think of virtue; for when riches and virtue are
placed together in the scales of the balance, the one always rises as
the other falls.

True.

And in proportion as riches and rich men are honoured in the State,
virtue and the virtuous are dishonoured.

Clearly.

And what is honoured is cultivated, and that which has no honour is
neglected.

That is obvious.

And so at last, instead of loving contention and glory, men become
lovers of trade and money; they honour and look up to the rich man, and
make a ruler of him, and dishonour the poor man.

They do so.

They next proceed to make a law which fixes a sum of money as the
qualification of citizenship; the sum is higher in one place and lower
in another, as the oligarchy is more or less exclusive; and they allow
no one whose property falls below the amount fixed to have any share in
the government. These changes in the constitution they effect by force
of arms, if intimidation has not already done their work.

Very true.

And this, speaking generally, is the way in which oligarchy is
established.

Yes, he said; but what are the characteristics of this form of
government, and what are the defects of which we were speaking?

First of all, I said, consider the nature of the qualification. Just
think what would happen if pilots were to be chosen according to their
property, and a poor man were refused permission to steer, even though
he were a better pilot?

You mean that they would shipwreck?

Yes; and is not this true of the government of anything?

I should imagine so.

Ex