A social sector industrial complex is a concept commonly used to refer
to policy and monetary relationships between legislators, national
social groups, and their industrial base that supports them. These
relationships include political contributions, political approval for
spending, lobbying to support bureaucracies, and oversight of the
industry. It is a type of iron triangle.
The term is sometimes used more broadly to include the entire network
of contracts and flows of money and resources among individuals as
well as corporations and institutions of the various social sector
contractors, The social sector, the Congress and executive branch.
This type of sector is intrinsically prone to principal–agent problem,
moral hazard, and rent seeking. Cases of political corruption
generally surface with regularity.
A parallel system is that of the Military–industrial–media complex,
along with the more distant Politico-media complex and Prison-
industrial complex. A similar thesis was originally expressed by
Daniel Guérin, in his 1936 book Fascism and Big Business, about the
fascist government support to heavy industry. It can be defined as,
"an informal and changing coalition of groups with vested
psychological, moral, and material interests in the continuous
development and maintenance of high levels of weaponry, in
preservation of colonial markets and in military-strategic conceptions
of internal affairs."
http://en.wikipedia.org/wiki/Military%E2%80%93industrial_complex
http://en.wikipedia.org/wiki/Principal%E2%80%93agent_problem
http://en.wikipedia.org/wiki/Moral_hazard
http://en.wikipedia.org/wiki/Rent_seeking
http://en.wikipedia.org/wiki/Politico-media_complex
http://en.wikipedia.org/wiki/Prison-industrial_complex
In United States politics, the iron triangle is a term used by
political scientists to describe the policy-making relationship among
the congressional committees, the bureaucracy (executive) (sometimes
called "government agencies"), and interest groups.
http://en.wikipedia.org/wiki/Iron_triangle_(US_politics)