What's actually going on

But he can't fight bad guys tho. Peter is smart without his suit too, but Tony still gives him shit.
Edit: philanthropist? Really?

Do you remember what tony did without his suit In iron man 3? I think he can fight

He stood up to Loki without his suit poured himself a drink and told Loki... "not a great plan"

Edit: philanthropist definitely, all the money he gave to those mit students at the beginning of civil war. Tony Stark is a superhero with or without armor

IMO the suit is nothing without Tony Stark.

Same goes for all suits. Actually Tony's suit can do the most without him, since it's weaponized and has artificial intelligence