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I don't support monarchism per se. I also don't think it's a good idea to have the head of state and the head of government combined into a single individual, which the presidential republics that are predominant in the Americas and East Asia do. It ironically gives the presidents of those countries more power and less accountability than almost any modern monarch, as we've seen with Trump, Yoon Suk Yeol, as well as Rodrigo Duterte and Bongbong Marcos. There are other issues inherent in presidential republics, like the rigid election schedules (no matter the circumstances, an American presidential election cannot be held outside of the first Tuesday of every fourth November), and the fact that the executive power is completely separated from the legislative body. If the chief executive were seen as a less indispensable and a more disposable position, the citizens of presidential republics might be less likely to be at each other's throats in every election season. 

It may well be that swearing allegiance to a constitutional figurehead with mainly ceremonial powers is better than swearing allegiance to what is basically a piece of paper, especially when that piece of paper is only as good as the people who are interpreting or enforcing what is written on it. The King has a lot of written and unwritten rules about how he exercises the royal prerogative, and the actual governing is left to the Prime Minister and the Commons.