In the context of concept “panta rei” everything changes continuously: people, their knowledge and comprehension, environment and nature, society, attitudes and concepts in general, also in medicine and psychiatry. Many changes in social frameworks like informatization and social network, globalization, wars etc. influences psychiatry and changes its place and role in modern society. Many questions meet modern psychiatry like comorbidity, well-being, actual concept of health and disease also influences psychiatry and its role in society which is bigger and wider from day to day. Are we talking about the real fact of enormous role of psychiatry in modern society of narcistic culture forming the concept of psychiatrization of society, or is it just an illusion inflated with secondary interest for particular interest groups? This is a question we are looking for an answer in this study through the review of the literature and a critical view on a problem of the role of psychiatry in modern society.