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As Curtis Yarvin (Moldbug) points out, every successful corporation in the world is run as a de facto monarchy (by the CEO), with some accountability to a Council of Advisors (Board). So, in terms of powerful organizations, monarchies out-number 'democracies' many times over.
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Technically all one-man rule is monarchy, but I do think it's worth noting that hereditary rule provides one of the key advantages of monarchy, which is that because the country will be passed on to their posterity, the monarch is incentivized to think beyond their own lifetime.
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