32+ Pros and Cons of Oligarchy with Facts & Quotes with Images

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Before you straightaway dig into the pros and cons of oligarchy, we do like to first introduce with the basic concept of oligarchy.

Oligarchy is the structure of the powerful people that allows a few businessmen, families, or individuals to control an organization, an institution, or even a country. They maintain their power by making strong relationships with each other

Those few members have enough power to rule a specific society and make policies that only benefit them to the exclusion of the rest of the community. Power induces a great impact on the pros and cons of oligarchy.

The word “oligarchy” originates from the Greek word oligarkhia, it means “few to rule or governing”. The oligarchs only associate with those who share the same traits & form an organization while the rest of citizens remain unorganized.

Most of us know very little about oligarchy. Therefore, if you are the one finding the answer to your question about the advantages & disadvantages of an oligarchy system then this article is a treat for you as it aims to address your query by listing the pros and cons of oligarchy.

Let’s begin the journey to explore the pros and cons of oligarchy!

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Structure Of Oligarchy:

In many cases, most of the governments that have democracies or monarchies actually ruled by oligarchies, the government is highly influenced by the rich, powerful families or corporations. Before going through the pros and cons of oligarchy we’ll know about the structure of it.

The structure of oligarchy is divided into the following.

Business Oligarchy:

To this degree, oligarchies can also control over corporations, companies along with the country.

pros and cons of oligarchy includes consolidation of power
Power is dangerous

Oligarchy vs. Plutocracy:

Plutocracy is an element of oligarchy. In a plutocracy, the members of plutocracy are always considered rich while the members of oligarchy could be rich or not.

Oligarchy vs. Aristocracy:

Aristocracy is a subset of oligarchy, the members of aristocracy belong to the elite class. Just like plutocracy which is rule by the rich, aristocracy is ruled by the elite.

10 Monumental Pros And Cons Of Oligarchy:

Here are the top pros and cons of the oligarchy that are associated with this form of the governing system.

List of 5 Pros of Oligarchy:

  1. Consolidate Power To Experts:

While discussing the pros and cons of Oligarchy, we have to know that in an oligarchy, the system is run by those who have relevant skills and experience, and power is given to them because they are best and do what is right.

The members of this system are groomed in a way to take over the specific position, their family structure train them to learn their craft before being given a position within a government or organization. 

  1. Anyone is Allowed To Join:

Most commonly it has seen that an oligarchy attempt to consolidate the power to itself or his family. But a true oligarchy is of the view that anyone who is capable and has skills can join this system to be succeeded in life.

In this manner, a person who may hope to get a higher rank, try-hard & study enough to make himself eligible for the post. Even the access is restricted but there still hope.

  1. Minimal Pressure on Society:

When oligarchy is operating accurately, it distributes the system into two halves where one is taking care of societal actions and for the well-being of citizens, while those outsides of the ruling class have enough time to focus on their jobs, individual can pursue specific personal or career goals.

Families can create relationships with one another. Oligarchy allows people to live freely with a greater level of effectiveness.

  1. Encourages Creative Endeavors:

The Oligarchy system is ruling over society and solving citizens’ problems the other people are free to do what they seek.

In this way, an average person can focus on their creativity rather than considering any problem. People can work on innovative technologies and make themselves able to focus on science, art, music, or whatever they are passionate about.

The talented masters can take on apprentices to teach them new skills and pass their talent to the new generation.

  1. Oligarchy is not Biased:

In an oligarchy organization, there is no biasedness for men or women. Both genders are given their own equal rights. History is witness that the oligarchy system has supported great kings and queens. For women especially when she comes from a resourceful background with wealth, there is a dominant place in this system.

List of Cons of Oligarchy:

  1. Societal Divisions:

In an oligarchy system, the ruling class decides to fix prices on certain items so that only the wealthiest one can get the benefit of it such as education, access to grain, or the number of working hours. They set up rules to give ease to them and restrict the access of general people to them. It shakes the balance between the pros and cons of an oligarchy system. This can also cause artificial inflation and ends up in a huge loss for the economy.

  1. It Creates Puppet Leaders:

In the average oligarchy system, the leadership is not strong at all, it is weak and to overcome this weakness the rulers attempt to consolidate their power. As the true power does not lie in the weak leadership but in the group of people that surrounds the leader.

To maintain a fake appearance, a puppet leader is chosen to represent an organization.

  1. Disrupt the Economy:

Oligarchy creates frustration in the society as it forms two prospective of people, one who rules become aggressive when common people are not responding to them and no more obedient to their call.

Similarly, the general population becomes frustrated when they find no chance to join the oligarchy system. This causes conflict and there might be war breaks out which eventually creates pain & suffering.

As you know, the economy of a system is important. Among the pros and cons of oligarchy, disruption of the economy is one of the most dangerous cons of oligarchy.

  1. Encourages Income Inequality:

Wealth usually tends to go toward the rulers than the workers in an oligarchy system. This is because the ruling case funnels the wealth in such a way that bounces back to them as they are the controllers of the structures and implementations of policies in the society.

Oligarchs consider themselves more eligible to take the first opportunity that comes their way every time. This is one of the major cons of oligarchy while discussing the pros and cons of oligarchy.

  1. Inhibits Growth:

The actin oligarchy comes from the system of tyranny cause oppression in society. As a result, the power consolidates to the few rather than too many. A good ruler can use this system for the development of society and to the advantage of all to maintain the balance between the pros and cons of an oligarchy system.

In an oligarchy, every decision comes from a singular perspective, which may lead to stagnant growth, values, and even morals over time

10 Interesting Oligarchy Facts

We are not going to share the pros and cons of oligarchy and end the article. Instead, we are now sharing the interesting and intriguing oligarchy facts that every student should know.

1. The concept of oligarchy arises from the Greek Political Vocabulary and it means the political power of the few.

2. The term “oligarchy” was firstly introduced by Aristotle to refer the ruling power exercised by the small group in a country repeatedly.

3. The term Oligarchies have been a synonym of aristocracies, which were the noble and wealthy members of the community and they ruled for a long time.

4. Aristotle used the term oligarchic in a negative sense to refer to the old system in the form of aristocracy, the system which was in the hands of a few corrupt individuals.

5. Oligarchies were often controlled by powerful families, whose children were raised and considered the heir of the power of the oligarchy.

6. Examples of such setups can be seen in South Africa under apartheid, Liberia under Americo-Liberians, the Sultanate of Zanzibar, and Rhodesia.

7. The modern United States has also been categorized in oligarchy because of the economic elites and organized groups that have an impact on U.S. government policies.

8. Some authors even said that the current circumstances in the United States as oligarchic in nature.

9. In 1998, Bob Herbert of The New York Times referred to modern American plutocrats as “The Donor Class“.

10. The difference between oligarchy & monarchy is the term oligarchy means “the rule of the few while monarchy means “the rule of one”.

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Oligarchy Quotes – 10 Powerful Quotes with Images

As we have discussed the pros and cons of oligarchy in detail, in this section, we will share some quotes of famous personalities that reveal the pros and cons of an oligarchy system.

1.“Those in power must spend a lot of their time laughing at us.”
― Alice Walker

2. “We are in a prison of our own minds holding our own chains around us. We create our oligarchs and fight for their right to oppress us.”
― Heather Marsh, Binding Chaos

3. “Greed crowned emperor
rules the earth with cold disdain for harmony’s path.”
― Aberjhani, The River of Winged Dreams

oligarch's thought has been stated in pros and cons of oligarchy
Oligarch attempt to consolidate power

4.  “Both oligarch and tyrant mistrust the people, and therefore deprive them of their arms.”
― Aristotle

5. “Greed crowned emperor
rules the earth with cold disdain for harmony’s path.”
― Aberjhani, The River of Winged Dreams

6. “Big government = oligarchy.
Simple equation.
Big government = loss of representation.”
― E. Samaan

7. “The principle of equality, which is at the core of democratic values, has very little meaning in a world in which global oligarchy is taking over.”
― Bell Hooks

8. “A “centrally planned economy” by definition discourages and despises participation by the masses. It’s a bureaucratic oligarchy.”
― E. Samaan

9. “The financial elite already have the politicians in their pockets, as a result of their lobbying.”
― Kenneth Eade, 

money plays a key role in pros and cons of oligarchy
Money is a game-changer

10.“Money has replaced the vote.”
― Chris Hedges

Conclusion:

The top illustrating pros and cons of oligarchy, reveals that if the ruling class of the oligarchy system is honest and good, the structure of the system will be in the right direction and provide several opportunities to the society.

It became problematic when this system is under those who just need power tend to work for them, instead of utilizing it to bring a change in society and letting new opportunities out for the people.

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