I sympathize with your frustration with the veto, but I'm afraid it is basically required. The existence of veto rights for some nations reflects the reality that they can basically do what they want, ignoring the U.N. If the U.N., now minus its veto capacity, were to pass something that went against the wishes of the U.S., Russia, China, etc., U.S. Russia China would cheerfully ignore it. I hate that this is the case, but a mechanism that can decide things and kind of get them started as long as U.S., U.K., France, Russia, and China have no problem with it is better than a system that can't do anything at all. As I see it, your choices are about 0% functional and about 0.7% functional. If someone can create a 1% functional or better, I'm all ears.