These are some possible arguments against oligarchy for the debate.
It's a society in which only the wealthy rule: that means that only a few rule.
Many men find ways to become extravagant in this way.
They value wealth more than they value goodness. Wealth and goodness are like objects on a balance: one has to rise and the other has to fall.
Admiration is reserved for the rich, while the poor are despised.
If only wealth is considered, than those who rule may not be fit to rule. What if someone who is not wealthy is better fit?
It splits society into two parts, the rich and the poor. A house divided upon itself cannot stand! They live in the same place, yet are plotting against one another.
Oligarchs cannot wage war, because they have to arm their people whom they may think are worse than the enemy. They also just might not want to pay for the costs of war.
Poor people could have a lack of education and a bad upbringing, which in combination with a bad form of government could turn them into criminals.
The oligarchic character's main purpose is to make money. He satisfies only necessary wants and indulges in no other expenses.
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