Industrial complex

The industrial complex is the socioeconomic concept wherein businesses become entwined in social or political systems or institutions, creating or bolstering the profit economy from these systems. such a complex is said to pursue its own financial interests regardless of, & often at the expense of, the best interests of society and individuals. Businesses within an industrial complex may defecate been created to proceed a social or political goal, but mostly profit when the goal is non reached. The industrial complex may profit financially from maintaining socially detrimental or inefficient systems.

History

The concept was popularized by President Dwight Eisenhower in his Jan. 17, 1961 farewell speech. Eisenhower planned a "threat to democratic government" called the military industrial complex. This complex involved the military setting gaining "unwarranted influence" over the economic, political, and spiritual realms of American society due to the profitability of the US arms industry and the number of citizens employed in various branches of military service, the armaments industry, and other businesses providing goods to the US army. The "complex" arises from the defining of a multilateral economy serving military goals, as alive as the paradox that arises from the intention of the multilateralism sustained profit as antithetical to the military's theoretical goal peace.