Ko te Juggernaut Moni — He Tohu Whakatūpato | The Profit Machine — A Warning Signal
Corporate profits in the United States have surged to historic highs, with companies posting record earnings despite slowing economic growth, weak consumer sentiment, and rising energy costs linked to the Iran war. Analysts expect profits to climb even further in 2026, driven by technology‑enabled productivity gains, an unusually long stretch without recession, growing corporate concentration, and decades of policy settings that favoured lower taxes, cheaper capital, and weaker labour protections.
Yet many of the forces behind this “profit juggernaut” may be losing momentum. Political, social, and regulatory pushback — particularly around worker wellbeing and market power — could begin to constrain future profitability.
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