The term military-industrial complex or MIC refers to the infrastructure of a nation's military, defense/weapons industry, and the government. It was first used by U.S. president Dwight Eisenhower in his farewell address. He warned of the dangers of the military and industry having such interdependence and the risks of misplaced power.
- See also: Afghanistan War
The Intercept‘s Jon Schwarz examined returns on stocks of the five biggest defense contractors: Boeing, Raytheon, Lockheed Martin, Northrop Grumman, and General Dynamics. Schwarz found that a $10,000 investment in stock evenly split across those five companies on the day in 2001 that then-President Georg W. Bush signed the authorization preceding the US invasion would be worth $97,295 this week, not adjusted for inflation, taxes, or fees. According to The Intercept:
|"This is a far greater return than was available in the overall stock market over the same period. $10,000 invested in an S&P 500 index fund on September 18, 2001, would now be worth $61,613. That is, defense stocks outperformed the stock market overall by 58% during the Afghanistan War."|
- Economics Of Military Industrial Complexes in Russia and US., Andrei Martynov, Nov. 4, 2022