Mismanage the process, and the consequences could be unimaginable.

A system that socializes losses and privatizes gains is doomed to mismanage risk.

Nor would a Tobin tax stand in the way of financial markets punishing governments that grossly mismanage their economies.

So the stakes in righting the world economy could not be higher. Mismanage the process, and the consequences could be unimaginable.

Here is the dilemma Governments with substantial assets have flexibility and the capacity to act, but they can also mismanage their assets to the detriment of markets and economic dynamism.