Extraordinary, and disgusting, to see monarchism touted by literate professionals in the 21st century.
The "point" of hereditary peerage is, from the perspective of the nobility, to preserve privileges with only self-interested regard for the welfare of the public—which very obviously resolves into tyrannical despotism at the earliest opportunity!
Utterly unconscionable to carry water for the literally medieval political economy that brought us, eg the calamitous 14th century.
Countless—countless—examples of the hideous cruelties of hereditary nobles abound since the institution's inception. You'd have to be a blind pig to ignore the myriad failure states. My God, man, do you want your children to be slaves??