I said elected monarchy. You might be interested in knowing Germanic tribes (among others) used to have such a system. A monarch doesn't have to be hereditary or by divine right to be a monarch.

You mentioned FDR - see also De Gaulle.

How many US american elected politicians are children of political families, by the way? The dynastic principle is active.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes