We are currently confronted with many challenges - poverty, migration, environmental issues etc. We can identify at least three alternative scenarios of future development: sustainable development, sustainable retreat, and/or collapse. During history many civilizations went through periods of rise and fall. But collapse was usually followed by regeneration and transformation. We need to explore our possibilities, how to behave in an era of crisis and try to identify in advance contours of regeneration and transformation of our society into new quality, new stage of development. It would be naive to believe that the 21st century is going to be a terrific era of us all entering a consumer paradise. It would, however, be equally dangerous to become paralysed with fear.