In this article an attempt is made to present very recent conceptual and computational developments in QFT as new manifestations of old and well established physical principles. The vehicle for converting the quantum-algebraic aspects of local quantum physics into more classical geometric structures is the modular theory of Tomita. As the above named laureate to whom I have dedicated has shown together with his collaborator for the first time in sufficient generality, its use in physics goes through Einstein causality. This line of research recently gained momentum when it was realized that it is not only of structural and conceptual innovative power (see section 4), but also promises to be a new computational road into nonperturbative QFT (section 5) which, picturesquely speaking, enters the subject on the extreme opposite (noncommutative) side.