We Need Royals!
I sort of favour the British system. There are elected officials, and they do run things, but having a King or Queen makes a difference, I feel. The role of the monarch is to "counsel, encourage, and warn" his or her government. This creates more continuity than we have here in the States, since one monarch works with many Prime Ministers over the course of a reign. Our two-party system here results in laws being made one Administration, then dismantled or gutted the next, since our parties are diametrically opposed in their approaches. In Britain, the Queen can guide PMs. While her words are not legally binding on a PM, she can at least inform the dolt that this, that, or the other is bloody important, and why it should not be messed with.
Also, having a monarch creates emotional continuity for citizens. No matter what crazy idiot is Prime Minister, the monarch is there as a symbol of stability. And in really tough times, one can blame everything on the royals, which is not the least of their value.
Okay, I'm not altogether serious, but think about it: If Dubya had had to meet with Elizabeth II each week, I don't think we'd be in the mess we're in now. The Queen would have served as counterweight to his imperiousness, impetuousness and obstinacy. In Britain, both headstrong and ineffectual Prime Ministers have come and gone (Heath and Thatcher come to mind), and thanks to the monarchy, Britain rolls along like Old Man River. A little up, a little down, maybe, but no one PM has been able to ruin her yet.