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Yea, I hear that. I never went beyond my bachelors for the same reason, but maybe that's just an argument to make better PhDs/schools? Certainly there's important humanities work to be done during a massive cultural / political shift, and little progress is being made.
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I think the PhD is an obsolete mechanism. "Important" is doing a lot of work there. Even in STEM where the case is easier to make objectively ("cure cancer! solve climate!") it is dangerous to let self-absorbed people decide what is "important" on the public dime.
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