I am only a monarchist to the extent that I am not an anarcho-capitalist, or rather, that I think that the world may not yet be ready for my preferred form of governance.

Monarchism has the superior quality, in that it retains the concept of private property, but it centralizes it within the hands of one individual, who has vested interest in maintaining the health and wealth of the entire kingdom, for he owns it in its entirety. Democracy is plagued by short time preferences, in that politicians often sacrifice the long term for the short term in order to gain reelection; by contrast, a monarch must maintain his kingdom long enough to pass it down to his offspring, and in so doing, he is most unaffected by whatever passing intellectual fad or ephemeral complaint rises from the mouths of his subjects. Having been schooled in political theory and having been given the best sort of education that money and influence can afford one of his stature, he is in possession of a set of highly cultivated talents that bestow a degree of legitimacy on his decisions that no other person can lay claim to.