At a later date I will go into more detail. At present I submit to you that the long range vision of a monarch is like that of a private property owner who has a vested self-interest in making sure that the nation remains wealthy. A just monarch is keenly interested in making sure that the citizens are cared for since it is their loyalty that makes the monarch viable.
The Constitutional part is key. The monarch is not the principal director of governmental affairs but he or she is the protector of the Constitution, guarding against socialism and fascism and the fallacies of democracy. Democracy, is the rule of the people but it is exceedingly short-sighted and leads to the plunder of the wealth of the nation to appease the politicians who are short-run caretakers intent upon enriching themselves for the short duration that they are in power.
As you can see, just like a monarchy is similar to a private property owner, democracy is similar to mob rule with a kingpin mobster in charge. They try their best to amass enough power to be able to challenge the other kingpin mobsters (called Democrats or Republicans in the U.S.) all the while enriching themselves and their kinfolk (political and corporate leeches). It is a form of nepotism.
For more information go to http://www.divineeconomyconsulting.com .