The Intersection of Institutionalized Belief and Public Philosophy in Modern Society


Hatched by Glasp

Sep 20, 2023

3 min read


The Intersection of Institutionalized Belief and Public Philosophy in Modern Society


Institutionalized belief in the greater fool and the importance of public philosophy may seem like unrelated concepts at first glance. However, upon deeper examination, we can find common points that connect these ideas naturally. Both concepts involve critical thinking, reflection, and the impact they have on society. In this article, we will explore the intersection of institutionalized belief and public philosophy, highlighting the need for rational thinking and the pitfalls of relying on unsustainable models. Additionally, we will provide actionable advice for individuals and businesses to navigate these challenges successfully.

The Pitfalls of Institutionalized Belief:

The story of Hopin, a virtual events platform, serves as a cautionary tale regarding institutionalized belief in the greater fool. Founded at the opportune time of the COVID-19 pandemic, Hopin experienced rapid growth and valuation. However, as restrictions lifted, the company's usefulness diminished, leading to a significant decline in events. This example highlights the dangers of relying on temporary market conditions and the belief that there will always be someone down the line to buy out a business. This institutionalized belief can lead to a lack of focus on building sustainable models and a reliance on quick profits.

The Role of Public Philosophy:

In contrast to the short-term mindset perpetuated by institutionalized belief, public philosophy offers a catalyst for thought and critical reflection. Public philosophy aims to promote rational thinking among a nonprofessional audience by challenging assumptions, revealing implicit biases, and facilitating the process of investigation. By making philosophical tools accessible to all, public philosophy encourages individuals to think critically and engage in meaningful conversations about societal issues.

The Value of Rational Thinking:

At the heart of public philosophy lies the belief in the value of rational thinking. This assumption may not be universally accepted, but it serves as the foundation for meaningful discourse and decision-making in society. Rational thinking allows individuals to analyze, conceptualize, and criticize ideas, fostering a deeper understanding of complex issues. In a world driven by instant gratification and quick profits, the role of rational thinking becomes even more crucial in guiding individuals and businesses towards long-term success.

Actionable Advice:

  • 1. Embrace a long-term mindset: Instead of chasing quick profits or relying on unsustainable models, focus on building businesses or personal endeavors that have a solid foundation and long-term viability. This requires patience and a commitment to creating value that lasts.
  • 2. Cultivate critical thinking skills: Engage in public philosophy by actively seeking out opportunities to challenge assumptions, analyze ideas, and reflect critically. This could involve participating in philosophical discussions, attending lectures or workshops, or reading philosophical texts. By honing your critical thinking skills, you can navigate the complexities of the modern world with clarity and discernment.
  • 3. Foster a culture of rationality: Encourage rational thinking within your organization or social circles. Promote open dialogue, respectful debate, and the examination of evidence-based arguments. By fostering a culture of rationality, you can contribute to meaningful conversations and decision-making processes that benefit individuals and society as a whole.


Institutionalized belief in the greater fool and the importance of public philosophy intersect in their impact on society and the need for rational thinking. While institutionalized belief can lead to short-term gains and unsustainable models, public philosophy offers a catalyst for critical reflection and meaningful discourse. By embracing a long-term mindset, cultivating critical thinking skills, and fostering a culture of rationality, individuals and businesses can navigate the challenges of the modern world successfully. Ultimately, the value of rational thinking and public philosophy lies in their ability to stimulate meaningful conversations about what truly matters in our society.

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