It’s a shame that Eisenhower used the term “Military-Industrial Complex”. He was making a valid point, but the phrasing made a lot of people think that the problem was focused in the Defense Industry.
In my opinion, the problem is Fascism. If Big Government helps Big Business and in return, Big Business helps Big Government, then you get the problems we see today:
Shady campaign contributions
Shady government contracts
Too much influence from lobbyists
Revolving door between political office and government contracting
Bottomless funds paying for things that we don’t really need
Cronyism
We need a much smaller government.