Tag: MIC

The Omnipotent force behind USA’s National Security and Foreign Policy – American Military Industrial Complex (AMIC)
Analysis, Featured, North America

The Omnipotent force behind USA’s National Security and Foreign Policy – American Military Industrial Complex (AMIC)

The American Military Industrial Complex (AMIC) is a perceived informal alliance between a portion of the nation’s scientific and technological community, its defence establishment and certain sectors of the country’s military base. In 2021 the defence Budget of the US has gone up to $778 Billion, which means the United States spends more on defence than the next 11 countries combined amongst the highest defence spenders of the world.The political arrangement of the AMIC is very different from the way the competitive markets work, as it has important consequences on the country’s national security and foreign policy decision making. This fundamental lack of basic accounting processes and controls, means that the Pentagon is unable to keep track of its financial resources and expenditu...