Like the Peoples Republic of China is a Republic?
PLEASE yourself. If you have no voice in your own political destiny, you aren't free, you're a slave, and your King can kid you all he wants. If you're dim enough to believe him, that doesn't take the yoke off your neck; it merely makes you a stupid, ignorant, or sleeping slave, but a slave nevertheless.
Keep in mind that Milton Friedmnan wrote his classic book Free to Choose about Hong Kong (among other things) under the British rule.