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Military-industrial complex (view source)
Revision as of 19:01, August 24, 2021
, 19:01, August 24, 2021no edit summary
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.<ref>http://www.informationclearinghouse.info/article5407.htm</ref>
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.<ref>http://www.informationclearinghouse.info/article5407.htm</ref>
==Afghan war==
{{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:''
{{quotebox-float|"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."<ref>https://theintercept.com/2021/08/16/afghanistan-war-defense-stocks/</ref>}}
==See also==
==See also==
*[[Media-intelligence complex]]
*[[Media-intelligence complex]]