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Basically, this allegory marks what Plato's state is all about, namely the guardian state. The wise man
(captain) knows better than the bulk about what is good for it, his knowledge extends to the needs of
the people (sailors etc) and hence he is both the interpreter and the decision maker about those needs.
Which means that he should be the political ruler. The kind of knowledge he has is the insight into the
general human purpose and its needs. Because he has philosophically studied what the world is about,
which the people did not, he knows better about themselves than they do. This form of argument has
been effective in all monarchies.
The analogy, of the ship is also Plato's refutation of democracy, in which every individual is both
interpreter and decision maker of his needs (namely by voting). If you're interested in this point, read
the theorist of democracy Robert Dahl and his book "Democracy and its Critics"
Ship of State
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The Ship of State is a famous and oft-cited metaphor put forth by Plato in Book VI of the Republic (488e–489d). It likens the governance of a city-state to the command of a naval vessel
and ultimately argues that the only men fit to be captain of this ship are philosopher kings, benevolent men with absolute power who have access to the Form of the Good. The origins of
the metaphor can be traced back to the lyric poet Alcaeus (frs. 6, 208, 249), and it is found in Aeschylus' Seven Against Thebes before Plato.
Plato's use of the metaphor
Plato establishes the comparison by describing the steering of a ship as just like any other "craft"
or profession - in particular, that of a statesman. He then runs the metaphor in reference to a particular type of government: democracy. Plato’s democracy is not the modern notion of a mix
of democracy and republicanism, but rather direct democracy by way of pure majority rule. In the metaphor, found at 488a-489d, Plato's Socrates compares the population at large to a strong but nearsighted shipowner whose knowledge of seafaring is lacking. The quarreling sailors are
demagogues and politicians, and the ship's navigator, a stargazer, is the philosopher. The sailors flatter themselves with claims to knowledge of sailing, though they know nothing of navigation,
and are constantly vying with one another for the approval of the shipowner so to captain the ship, going so far as to stupefy the shipowner with drugs and wine. Meanwhile, they dismiss the navigator as a useless stargazer, though he is the only one with adequate knowledge to direct the
ship's course.
The Ship of State since Plato
It has been routinely referenced throughout Western culture ever since its inception – two notable literary examples being "O Ship of State" by Henry Wadsworth Longfellow and by
Horace's ode 1.14. Roger Williams, the founder of Rhode Island, used the metaphor in his Letter to the Town of Providence (1656).
More recently, it has become a staple of American political discussion, where it is viewed simply
as its image of the state as a ship, in need of a form of government – and conspicuously absent of its anti-democratic, pro-absolutist original meaning.
The term has entered popular culture as well. Leonard Cohen's song "Democracy" contains the
line "Sail on. Sail on, o mighty ship of state. To the shores of need, past the reefs of greed, through the squalls of hate." Also, in his second novel 'Beautiful Losers' (1966) Cohen writes "Sail on, sail on, O Ship of State, auto accidents, births, Berlin, cures for cancer!" (p. 12) Sir
Humphrey pointed out that "the Ship of State is the only ship that leaks from the top" in the British TV series Yes, Prime Minister.
Beyond the political metaphor, in the 20th century "Ship of State" became a term applied to
ocean liners which were built to be floating symbols of a state's artistic and technological advancement; normally flagships of the country's most successful passenger shipping line, and the construction of which was often subsidised by the state government. Examples of liners
considered Ships of State are the RMS Queen Mary (United Kingdom), SS Normandie (France),
SS Rex (Italy), SS France (France), RMS Queen Mary 2 (United Kingdom), and SS United States (United States).
http://en.wikipedia.org/wiki/Ship_of_State