I've found there are two reasons these 4 territories remain titled commonwealths. First, these commonwealths have a tradition, a history, to uphold in their formation and foundation as political entities standing against tyranny and oppression. There's a matter of pride and tradition involved in titles and historically significant events each of these governments hold. Second, is an extension of the sentiment through the history of "the commonwealth." Commonwealths are governments entirely devoted to the good of the people, often used interchangeably with the word republic, (keep in mind the United States is a democratic republic). This, however, is in contrast to what is an acceptable determination of statehood. Statehood is simply a governance of political community. But, to what end? Is it implied that the good of the people is the interest of the government? I'll leave those questions to rumination.
Now, I'll address some perspectives that are bound to arise. Is a commonwealth communist or socialist in nature? No. Could a communist government be a commonwealth? Sure, (though probably not for long if history is any indication).
In other words, there's a difference between a state and a commonwealth. It may not be a legal one, it may not be tangable in the basic sense, but commonwealth representatives are automatically held to a higher standard than other public officials. They are responsible for good of the people, not simply entrusted with the governance or oversight like most governments.
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