Military-Industrial Complex

Encyclopedia of Business and Professional Ethics (2017)
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The military-industrial complex (MIC) refers to a self-sustaining politico-economic system that perpetuates profitability in military supplies industries, de facto in multiple countries but primarily in the USA. It is made up of competing and/or collaborating entities -- the maintenance of which is on the whole financially advantageous to all concerned. The complex business objectives sought by participants are fostered in part by exalting technical possibilities but also in part by spreading fear as to dangers that are imminent and can be countered only by maintaining the highest feasible level of military preparedness.
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Archival date: 2017-10-02
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