I would offer in response:
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(it is the Right of the People) to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
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The form of government is irrelevant so long as the People believe that it will best ensure their Rights and Liberties. This leaves the selection of the form of government solely to the People living under that government to determine.
In the United States we believe that our repbublic best meets those ends.
In Monaco they choose a monarchy.
Both are right based upon the will of the People.
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