That's right. The City has a government, and it does a fine job of treading water. It's keep humanity alive with few blunders. New Monarchy wants it to evolve into something that can make humanity thrive. Everyone keeps saying we want to overthrow the current system, but that's not really correct. Remember Bannerfall? We stopped it from being overthrown because what we want is for everyone to come together and chose our new leader. We're aware of the dangers and we have worked in the past to prevent tyranny. We are looking for a benevolent philosopher king (or queen). We don't want a Mao or Stalin, we want a Hammurabi or an Augustus. Someone who can lead us and guide our growing civilization. When the Dreadnought arrived, what saved us wasn't the council. What made the difference was one leader, Cayde-6, going behind everyone's back and sending either lone guardians or small fireteams on secret missions that had not been approved of by the rest of the Vanguard or the Speaker. Under our current system, that's illegal, but I think it was the only way to succeed. Cayde might not be my first choice for a leader, but he shows that often one person in charge can get results where a council flounders.