I discuss issues concerning the philosophical foundations andimplications of quantum field theory, renormalization inparticular. A new understanding of the correspondence principle,an unexpected role of perturbation theory and, most of all, acriterion to reduce the set of consistent theories frominfinitely many to finitely many, are the key concepts of atheoretical set-up that appears to overcome in a natural wayvarious consistency problems of quantum mechanics and offerseveral hints for further developments.