We stand a better chance with aristocracy, whether hereditary or elective, than with monarchy.
I grew up between the two world wars and received a rather solid general education, the kind middle class children enjoyed in a country whose educational system had its roots dating back to the Austro-Hungarian Monarchy.
We are a constitutional monarchy. I don't order laws, I propose them. Article 35 of our constitution states that the king can only refuse a law of parliament once, then he has to sign it - if the same law is then supported by a two-thirds majority in both houses of parliament.
I'd like to see a much more open Monarchy, myself. I used to think they were completely useless and we should get rid of them. I don't necessarily feel that way anymore. I'm still ambivalent, I still loathe the British class system, and the Royal family are the apex of the British class system.