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What importance do you place on philosophy?

Many times I hear from people "oh, that is just a philosophical argument", using the term "philosophical" in as something bad. I would like to ask, what role do you think philosophy plays in the development of today's society. In ancient Greece, I hope we can all agree on this one, it had an enormous impact, but does it still have an impact today?
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NataliaT · F Best Comment
It's a good question, to which I wish I knew the answer! Quite clearly there have been times in human history when radical thinking has changed the course of that history. We can see that in retrospect: I doubt they saw it at the time.

After the collapse of the Soviet Union, Samuel Huntington wrote that classic book "The End of History" Great read, and wildly wrong. But I think currently a book entitled "The End of Philosophy" might have a greater longevity. Its arguable that, a little like many aspects of science, where, after the huge advances of the 19th and 20th century, progress, new knowledge, advances in baby steps, and the "know unknowns" become less and less important. It's arguable that the same applies to philosophy: that new thinking is of a diminishing marginal utility.

Just a thought. I tried to study Philosophy via adult education courses three times, and failed abysmally to understand it on each occasion!.
sumojumo · 36-40, M
@NataliaT Maybe there is just a little pause in the progress of philosophy, as it was for physics at the end of the 19th century until Einstein came along and later on the quantum physicists broke everything into pieces :).

So I hope there is a new "quantum leap" waiting for us for philosophy as well.
NataliaT · F
You have expressed what I was trying to say very succinctly. But I am much more pessimistic that such a leap is as certain, either scientifically or philosophically!

I am not deluding myself that everything there is to be discovered has been discovered!!! But our understanding of both known unknowns, and even better guessing at unknown unknowns, tends to suggest incremental rather than quantum leaps.
sumojumo · 36-40, M
@NataliaT Oh yes, sorry if I sounded so certain about the quantum leap. This is just my wish, not anything that is based on reality :).

I am also very much in favor of incremental growth, but what I have currently is a fear of degradation of knowledge - so maybe I am even more pessimistic in reality than you are :)