The irony is that Galiard was so set upon making Cathay a Kingdom (rather than another Republic) because he was so tired of the political conflicts in Lasanar - but those conflicts kept the place lively. Cathay has stagnated a couple times, once when Galiard was there (though not King) and once while I was away from BM, and suffered badly for it. Lasanar had its fractious moments but it was never dull.
Yeah, I think I personally enjoy the elections and the liveliness. It keeps those in power on their toes a little since they can just be voted out if they're inactive and a bright personality comes along. Now when I think of it, I do believe my chars have been nothing but Prime Ministers other than for very short times (like dictator of Summerdale for a few days and dictator of Oligarch but reformed it instantly to a republic).
I kinda miss it. Almost every realm is a monarchy these days (at least on some islands). But of course, a monarchy can be very much like a republic or a democracy too now since you can customize it in a way you couldn't do before.