Bill Gross: Zero Percent Rates 'Distort' Capitalism

The video discusses the impact of central bank policies, particularly 0% and negative interest rates, on capitalism. It explores how these rates affect capital expenditures, GDP, and productivity. The speaker argues that these rates distort capitalism by reducing the incentive to invest, leading to a potential transformation of the economic system. The discussion includes perspectives from economists and highlights the challenges faced by capitalism in the current economic climate.

What counterarguments does the speaker mention regarding the transformation of capitalism?

In what ways does the text indicate that productivity is changing?