In Deterring Democracy, Chomsky says: "the goal was "to avert `economic, social and political'chaos in Europe, contain Communism (meaning not Soviet intervention but the success of the indigenous Communist parties), prevent the collapse of America's export trade, and achieve the goal of multilateralism," and provide a crucial economic stimulus for "individual initiative and private enterprise both on the Continent and in the United States," undercutting the fear of "experiments with socialist enterprise and government controls," which would "jeopardize private enterprise" in the United States as well (Michael Hogan, in the major scholarly study). The Marshall Plan also "set the stage for large amounts of private U.S. direct investment in Europe," Reagan's Commerce Department observed in 1984, establishing the basis for the modern TNCs, which "prospered and expanded on overseas orders, fueled initially by the dollars of the Marshall Plan" and protected from "negative developments" by "the umbrella of American power,"
Brad De Long wrote:
> Chomsky seemed to think that the Marshall Plan entailed no net
> transfer of resources from America to Europe. The counterfactual
> appeared to be a scenario in which European governments seized
> American property of their nationals and used that to finance dollar
> imports instead...
> Brad DeLong