The term military-industrial complex (MIC) refers to a close and symbiotic relationship among a nation's armed forces, its private industry, and associated political and commercial interests. In such a system, the military is dependent on industry to supply material and other support, while the defense industry depends on government for revenue.
The term is most often used in reference to the United States, where it gained popularity after its use in the farewell address of President Dwight D. Eisenhower. As pejorative terms, the "MIC" or the "iron triangle" refer to an institutionalised collusion among defense contractors (industry), The Pentagon (military), and the United States government (Congress, Executive branch), as a cartel that works against the public interest, and whose motivation is profiteering.Please watch this Videohttp://video.google.com/videoplay?docid=4340349985118918525
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