Look, I don't really think we can ever fully appreciate older texts in the manner of their times. You can create an idea of how their world had been, and try to read a text in that light, but inevitably you will still bring your own culture and ideas to bear on the text, or overcorrect and reject things as 'not implied or an impossible interpretation' based on your own simulacrum of the supposed readers of that text. Besides, either way you still crafted the supposed Persona you are reading it as, which cannot escape the traces of your own culture and determinations.Obviously, as the fellow academically minded Christian brother that your are, you're aware of the hermeneutical dynamics at play here in our respective understandings of Plato and his philosophical concepts, such as they are. Not only that, but I'm sure that you, as does @Silmarien, and probably @FireDragon76 as well, know a whole lot more about Plato at the present moment than I do since my attention lies mostly 'elsewhere' on more socially relevant philosophical issues of our current age.
Regardless, while I agree with you and @Silmarien that Plato (and thereby Socrates), accompanied by Aristotle and an assortment of other Greek philosophers of old whom we can value as 'classical,' has value in our thought today, I have a difficult time accepting fully that a single philosopher's ideas, such as those of Plato, can and always should be considered in a fashion divorced from the totality of the rest of what that philosopher believed and left in written form. I'm leery of assuming a less than wholistic approach to study UNLESS the philosopher is known to have qualified a bona-fide recanting of earlier held beliefs and evaluations. Granted, this doesn't mean that bits of useful truth which we still find in a more or less 'socially tainted' set of writings, such as those of Plato, aren't serviceable wihin other quadrants of philosophical evaluations of the world.
However, I also have a difficult time in ignoring how erroneous interpretive measures upon old texts are used and applied, even in society today, much to the detriment of people's well-being. Since I haven't studied much of the history of Australia, I can't say how either Plato's or Aristotle's teachings played into the institution of slavery there, but since I am in the U.S., I am mindful of how classical thought like Plato's has played into slavery (and racism) in the social matrix, and I have been mindful of this for a very long time.
In fact, it isn't JUST Plato and Aristotle that I have a problem with. If we we look closely, we can find this generally racist impropriety of mind existing within the thought of many philosophers even up and through to the modern era, despite their calls to freedom or their calls to 'fraternity among men': Locke being one, Hume and Kant as well with him; Hegel as yet one more contributor to this, and there might even be a few hints in Kierkegaard of this, but that might be debatable. There are others ...
The trick here in our hermeneutics would then be to discern qualitative processes within our respective interpretive measures where we find and denote a difference between 1) what we think the original writers meant when they first wrote, 2) what God may have intended to impart through those writings, and 3) what we in ongoing reflection upon those same 'past' conceptual entities come to see anew as we learn more about them. And this discernment will require various complex considerations of epistemology, theology and our overall movement within the Hermeneutic Circle. So, I agree with you that surface measures of meaning might be questioned, but if the Christian faith is true, then there is more there than simply what we think we understand when we read the Bible.
To some extent, I think you're right in saying that we 'create' own own understanding as we thread our way through useful ancient writings, such as those of Plato. But, this isn't to say that when applying the Hermeneutic Circle, we, in our subjective understandings, don't grow more closely together in time when we work together toward a more objective commonality in our respective readings ....... and then in our realized applications of those readings.
So, my point? We need to be careful with the way in which we try to 'bring in' the apparent philosophical wealth of the nations of the past (and of the present) as we attempt to understand the "truth" of our Christian faith. And Plato is no exception in this regard...
This is a particular problem with Plato and Aristotle. For they are our own. The 19th century saw Aristotle as a Biologist and Scientist; the Mediaevals saw a Schoolman; the 3rd and 4th century Neoplatonics thought they practiced unadulterated Platonism, which we have the gall to label Neo today; Moderns often see something akin to an Evolutionary Biologist when reading Aristotle, etc.
How we perceive the world has also altered markedly. To the mediaeval man, he was a microcosm within a macrocosm in Barfield's memorable phrase. He saw invisible powers of the stars and the spheres at work on him, the rising or falling of the four elements as humours. As such, he perceived something in participation with the Self, not as a discrete Thing apart of it. Likewise the Greeks, hence when Fear took hold of a man, it literally took hold - the Fear arose from the frightening thing and his perception of it was seen as something both outside and inside himself. Fear entered the man and bound him as arising elsewhere and experienced there, which as extracorporal was thus deified as Fear.
We have rejected this, internalising emotion as arising and active only in ourselves, for instance, and seeing other things as objectively separate (though this is breaking down due to our realising we perceive via creating a Representation of the external indirectly in our brains, at least on a theoretical if not cultural level yet).
So when Plato or Aristotle talk of Knowledge derived from the senses being the lowest, it is because this is only passive experience. We exult it, because we perceive it differently. When we read, we read with modern eyes, thinking of external phenomena as separate to our perception of it, as opposed to the unity the ancient assumed. So it is exceedingly difficult to create the actual understanding that had been there, if even it is possible to do so.
You see the same thing in the Bible. When we read of Jeremiah's hand or mouth prophesying, we think of metaphor - while the Jews probably thought of active embodiment. Or how to mediaevals the four senses of the Bible were all valid, while we have decided that the original or the literal is more important - for we lost the sense of unity of meaning that mediaevals had, in such that what we today call metaphorical, was listed as a form of the Literal by Aquinas.
So yes, we need to be careful. But always keep in mind that I read everything through my own prism, and even if I attempt an historical or hermeneutical reading, I still cannot escape the tyranny of my Self or my conception of what was supposed to have been written there. I think Plato can help quite a lot with this, with his highest knowledge derived outside of external experience and his parables of the Cave and Shadow and such. The Mysteries of Christianity, like Jesus as fully man and fully God, or the Trinity, points to unities that I think the ancients could grasp much better than we can, with our intersubjective external Representations we confuse for Reality. We can either wait for some Spiritual rapture to explain these things from God, or we can get down to the nitty-gritty of trying to understand how we perceive and understand, the metaphors we wrap things in, and that my reading is necessarily a Russian nesting doll of competing ideas. Plato and Aristotle are the fount of Western philosophy, and like it or not, all our reading is necessarily coloured by things ultimately derived from them - be it Biblical or not, or whether you are aware of it or not. So to know where things come from, you can perhaps pick up their telltale signs and maybe craft our understanding of what had been understood vs how I understand it, accordingly.
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