Arkie: "If only there were someone smart enough and honest enough to actually oversee any industry, country, or action, I would not care what they were called."
Good point. We could use some real competence and integrity like that.

But I'd still object to the label. The way we label things affects (and reflects) how we conceptualize them, and I think in a democracy it's dangerous to encourage the citizens to think of themselves as peons being dictated to by some sort of ruler instead of seeing themselves as active participants in their government.