I rather thought it might be a typo for "Old Waffle".

It just seems to me that the monarchy seems a very marginal and irrelevant issue when it comes to reconstructing society so that it wasn't so unequal and unfair. It'd make virtually np difference, and much of tat difference could well tend to make things woose.

Privilege - if that's what it is - which is clealy aritrary and undeserved is liable to be far less harmful than privilege which is seen as earned.