Carstensen sees a crisis coming in the next ten years over society's failure to deal with the aging boom.

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At the moment, this failure is obscured by the economic boom.

ECONOMIST: Chinese business

He was discussing his failure to get the company in front of the social networking boom he claims he saw coming three years ago.

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It has now become widely recognised that perhaps the greatest economic policy failure in the UK, US and eurozone during the 16 boom years before the crash of 2008 was the explosion of borrowing by banks, households, businesses and governments - or, to use the jargon, the unprecedented and massive leveraging up of entire economies.

BBC: UK's debts 'biggest in the world'