Delta of Power The Military-Industrial Complex

First named by President Dwight D. Eisenhower in his farewell address, the Military-Industrial Complex, originally an exclusively American phenomenon of the Cold War, was tailored to develop and produce military technologies equal to the existential threat perceived to be posed by the Soviet Union. An informal yet robust relationship between the military and industry, the MIC pursued and won a qualitative, technological arms race but exacted a high price in waste, fraud, and abuse. Today, although total US spending on national security exceeds $1 trillion a year, it accounts for a smaller percentage of the federal budget, the national GDP, and world military spending than during the Cold War. Given this fact, is the MIC as we commonly understand it still alive? If so, how has it changed in the intervening years?
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