Timocracy

Timocracy is a political system where power is held by those who own property or have a stake in society, often valued for their contribution or virtue. It emphasizes honor, reputation, and civic virtue, where political participation is linked to personal status and property ownership rather than wealth alone. Historically, it was seen as a mixture of aristocracy and democracy, favoring the most respectable and active citizens. In essence, timocracy values moral virtue and property, promoting leadership based on merit and character rather than sheer wealth or popular vote.