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But if you're invoking the realities of power, then you must also accept popularity as a significant factor. In a showdown between the parliament and the monarch, if public opinion lies with the monarch and the monarch is also willing to use old dormant powers, would parliament still win?

For definiteness, imagine Charles had the charisma of Diana and intelligence to match, and that he was willing to lead on environmental causes with the full powers of the monarchy. Such a king could carve out a real (ie non-ceremonial) role in politics in a relatively short time, and a new concensus on the acceptability of (perhaps limited at first) political interference by the monarchy. It would require no new laws to make that change, just shift the unwritten rules of conduct. Would you agree, or does this sound too crazy?

$E(X_t|F_s) = X_s,\quad t > s$

by martingale on Sat Jun 6th, 2009 at 11:28:50 PM EST
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