[quote=@Vilageidiotx]
Yes.
[/quote]

They don't. They spend their day managing the company, performing all of the tasks that I outlined previously and more that I didn't bother to add to the list. Industrialists are not noblemen by another name; their wealth is not derived by divine right. The purchasing power of an individual is derived from their contribution to society. If you perform the task for which there is the greatest demand, you are given the greatest compensation. That's meritocracy, not neo-feudalism. It's all about supplying society's demands.

You're correct that we don't need a landed aristoracy, and that's why we don't have one.