What is an Oligarchy?

6. More Cons

Oligarchies also run the risk of growing stale. The rulers choose members who share their same values and ideals. This lack of diversity leads to a decline in creativity and a loss of energy. The ruling party is a closed group uninterested in sharing their wealth and power. They keep the power they gain, making it near impossible for an outsider to break in. This often leads to a sense of hopelessness, and if people lose hope, they become frustrated and violent. This is when attempted, or successful overthrows of the ruling class occur, often resulting in a vacuum of power.

Man_Half-tube / Getty Images