Military–industrial complex

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Military–industrial complex (MIC) is a concept commonly used to refer to policy and monetary relationships between legislators, national armed forces, and the industrial sector that supports them. These relationships include political contributions, political approval for defense spending, lobbying to support bureaucracies, and beneficial legislation and oversight of the industry. 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.
The term 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.


http://en.wikipedia.org/wiki/Military%E2%80%93industrial_complex