- uploaded: Jan 11, 2011
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Military-industrial complex (MIC) is a concept commonly used to refer to policy relationships between governments, national armed forces, and the industrial sector that supports them. These relationships include political approval for research, development, production, use, and support for military training, weapons, equipment, and facilities within the national defense and security policy. It is a type of iron triangle.
The term is most often played in reference to the military of the United States, where it gained popularity after its use in the farewell address speech of President Dwight D. Eisenhower, though the term is applicable to any country with a similarly developed infrastructure.
It is sometimes used more broadly to include the entire network of contracts and flows of money and resources among individuals as well as institutions of the defense contractors, The Pentagon, and the Congress and executive branch. This sector is intrinsically prone to principal-agent problem, moral hazard, and rent seeking. Cases of political corruption have also surfaced with regularity.
A similar thesis was originally expressed by Daniel GuÃ©rin, in his 1936 book Fascism and Big Business, about the fascist government support to heavy industry. It can be defined as, â€œan informal and changing coalition of groups with vested psychological, moral, and material interests in the continuous development and maintenance of high levels of weaponry, in preservation of colonial markets and in military-strategic conceptions of internal affairsâ€