Yep.
It’s ironic that Harry is now referring to HM’s 1947 speech where she devoted her life to saving the Commonwealth. The main objecting towards her successors is that they serve no one except themselves.
Although, from what I understand, the Commonwealth as a democratic institution would probably be better served by having an elected head, not a hereditary one. Keeping a hereditary head just continues the imperialism angle within the institution. Time for a change as all things must.