From “The Meaning and Function of Monarchy,” a 1969 essay by Julius Evola:
In the analysis of the range of the various arguments adopted in favor of monarchy, Loewenstein tried to be objective, but was unable always to be so. The precise aversion to every principle of true authority is quite visible in him, while an insufficient emphasis is given to the factors of an ethical and immaterial character. Now we believe that if you were forced to conceive of a monarchy only in an empty and democratized form, besides only being possible because it concerns marginal small states, not yet involved in the dynamism of the great forces of the era, we undoubtedly might as well end the discussion in the negative.
It must be recognized, however, that pessimistic conclusions regarding monarchy appear largely justified only if you hypostatize the situation of the current world and believe that it is irreversible and destined to continue itself indefinitely. This situation is defined by a general materialism, the prevalence of base interests, the egalitarian error, the government of the masses, technocracy, and the so-called “consumer society.” Except that we are beginning to multiply the signs of a profound crisis of this world of affluence and counterfeit order. Various forms of revolt are already noticeable, for which it is not impossible that it could reach a state of tension and a breaking point, and that, especially in the face of possible liminal situations, tomorrow different forms of sensitivity may be reawakened, reactions occurring similar to those an organism is capable of when it is mortally threatened in its deepest being.
The supplanting, or to a lesser extent, of this new climate is the decisive element also for the problem of monarchy. In our opinion, it should be placed in the following terms: What meaning could monarchy have in the case that such a change in climate should take place, and in what form could it be a center for the reconstitution of a “normal” order — normal in a higher sense? Certainly, the presence of a true monarchy in a nation would have a rectifying power, but this is a vicious circle: without the premise that we mentioned, any restoration would have a contingent, not organic and, in a sense, unnatural character.
The disorder present in the political field, everything that it shows of instability, dangerously open to subversion — to Marxism and communism — substantially derives from the deficiency of a superior principle of authority and from an almost hysterical impatience for such a principle, through which certain political experiences of recent times serve at most as a convenient alibi. Speaking of a superior principle of authority, we refer to an authority that has an actual legitimacy and, in a certain way, a “transcendent” character, because without this, authority would lack any basis, it would be contingent and revocable. A truly stable center would be missing.