Yeh i care, I'd accept a knighthood if they were giving them out.
Pfft it's just some honours system that's to do with UK royalty. Does anyone really care outside of fans of the monarchy?
But it does seem like they just give them out as a matter of formality rather than for any particular service, unfortunately.
It's a status thing. However, when you give them out to pretty much anyone it loses it's gleam that's for sure. Sir Ed I get. Sir John Key? Sounds like he's trying to peacock. I look forward to the poorly selling rap album he releases in the not too distant future.