Low-key, a socialist monarchy could be fire. If the aristocrats realized that they were basically overthrown by the "middle class" Bourgeois who were the actual drivers of the French and American revolutions, and that they could create a simple social contract with the peasantry that says "Like with communal farming communities, you can control and reap all the wealth of the means of production but simply pay our ruling warrior class a tax and in exchange we promise safe borders, good infrastructure, safe conduct and the rule of law."
We could all be sharing the profits of massive corporations like Apple while under the allure and power of an imperium. The Bourgeoisie is truly the parasitic class that shouldn't exist. At least the Kings of yore could justify their existence through the social contract.
Somali empire!