This is a dark day for the monarchy... and for democracy in the UK.

Remove the only people who actually have a long-term vested non-financial interest in the system and replace them with more revolving-door politicians backed by the big money so that the big money can operate with even less friction than before. Great. Just great.

The problem with our current democratic systems with unlimited government fiat money is that capital is in control. Not voters. Capital. This should be obvious by now. Someone deprived of food will vote for whoever you tell them to vote for.

Unlike many progressives I actually think the lords works well as a location for people who are expert in fields other than getting reelected.

But heredity lords, no I don’t get that at all

Oh piss off. It's removing the nobs from the system, people who are there by right of birth alone. There is no reason a modern democracy shoud cow-tow to such people or allow them any power over the rest of us.