I think Royalty and the Nobility should go back to the old ways - combat. Not the nations and countries militaries mind you, just Royalty and the nobility, battling it out against other Royal Families with sword, spear, shot, pike and bow.

A pay per view competition, globally for all Royal Families for the naming rights, the championship cup and a small percentage of the PPV fees and all the glory you can eat for the victors and a grizzly death for everyone else.