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In other cases, the delusion is self-delusion, and the imagined long-term does not really affect what one is doing right now, keeping things floating and transient. A serious bust can change things. A blast of reality means that time, and long-term thinking, once again counts, and competing fairy tales no longer render time horizons opaque. Delusion and self-delusion no longer work. Ultimately, this can be a good thing, and we would say that the most positive outcomes can be an increase in the reflexivity and observational capacity of community actors, and a rebuilding of conditions to allow long-term perspectives to again enter governance arenas. Entertaining, maintaining, building, and constantly revising long-term perspectives is probably the most important thing a community can do if it sees itself as a real community, one with a future. Everything covered in this paragraph deserves more space, and will get further treatment in the following chapters.

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Boom and Bust: a guide

Profile for University of Alberta Extension

Boom & Bust: A Guide, Managing Ups and Downs in Communities  

Boom and Bust: A Guide is the result of a collective effort at the University of Alberta to better understand the dramatic ups and downs whi...

Boom & Bust: A Guide, Managing Ups and Downs in Communities  

Boom and Bust: A Guide is the result of a collective effort at the University of Alberta to better understand the dramatic ups and downs whi...

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