Populist fair traders have argued to years that globalization makes the world less equal. Deutsche Bank AG Chairman and CEO Josef Ackermann appears to agree with them. According to Ackerman, " Society appears to be choosing lower growth rates in exchange for greater stability. There is likely to be a greater emphasis on equality. And there may be less openness to foreign trade and capital flows, particularly as governments press banks that receive subsidies to lend more locally." . To Ackerman this is a bad thing.
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