Military-industrial complex (MIC) is a concept commonly used to refer to policy relationships between governments, national armed forces, and industrial support they obtain from the commercial sector in 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 r...
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Military-industrial complex (MIC) is a concept commonly used to refer to policy relationships between governments, national armed forces, and industrial support they obtain from the commercial sector in 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...
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