Military Industrial Complex

Dwight D Eisenhower made a very famous speech as he left office in 1961 in that speech he coined the phrase "Military Industrial Complex". He had witnessed and presided over an immense build up in the arms manufacturing industry in the United States. By the time he left office the spending with this Military Industrial Complex totaled more than the entire earnings of all US Corporations put together. He feared the existence of this Military Industrial Complex could be abused and it was and it is.