Comments by "" (@indonesiaamerica7050) on "Business Basics" channel.

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  20.  @marijnnn4992  I think they still call it the British Commonwealth. I see they now call it the Commonwealth of Nations. Commonwealth is kind of an archaic term. A commonwealth is similar to a republic but it's OK to have a monarch as long as you have an elected legislature. That's what I see they all have in common. I think this dates back to the Orange Revolution where the English Parliament went to war with Charles I and killed him with the intention of abolishing the monarchy in the UK. When Parliament reestablished the monarchy they also established a new balance of power with basically unlimited powers to legislate and in fact to recall and get rid of any future monarch by majority vote. Commonwealth originally meant something like public good. The monarchy did not give up its lands and wealth so it retained its own but at the same time Parliament could also run its budget for "the public good". In reality the difference between a true republic and a commonwealth is private property rights and particularly mineral rights associated with private land ownership. From a PR point of view, republic harkens back to the Roman Republic and "commonwealth" harkens back to the Orange Revolution I already mentioned. And some US States fashion themselves as republics and others as commonwealths. The Commonwealth of Nation implies that the overarching group has some collective sovereignty on its own and this is because many of them have on paper the British Monarch has having some kind of role in the nation's existence.
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