When a country is poor they tend to turn to communism for a quick fix. They believe/and are told that it is the best policy and will treat everyone as equal; it does, but not in the long-term. Example: China.
The plan weakened communism by restoring the economic growth of Europe.
Karl Marx believed capitalism would bring about economic and social collapse in Europe and America. Karl Marx was a proponent of the dictatorship of the proletariat. The collapse of capitalism would be the result of a workers' revolution. In his time, there were other socialists who believed that a peaceful transition from capitalism to socialism was the path to the future.
Capitalism.
Communism
I suppose if anyone gets this credit it would be Ronald Reagan.
In the event of a serious economic collapse of the European Union, this would cause a global economic depression, since the economies of all nations interconnect, and the EU is a very major part of the global economy. However, we do not know for a fact that Europe will be unable to solve its economic problems without the help of the US. Furthermore, the US has economic problems of its own. It is certainly not obvious that the US is in a position to help Europe even if it wants to do so. Europe and the US both need to get their economic houses in order.
That would be COMMUNISM.
President Truman believed that economic stability was critical to Europe's prosperity. He believed that providing economic aid to war-torn European countries would help rebuild their infrastructure, stimulate economic growth, and prevent the spread of communism. In 1947, he introduced the Marshall Plan, which provided financial assistance to European nations to promote their recovery and stability.
Under communism, you would find the least private ownership.
Most of the original EU countries were from Western Europe since the European Union came into being as a result of Franco-West German economic agreements regarding coalmining. The Benelux countries wanted to be part of that agreement, forming the antecedents of the European Union. Additionally, Eastern Europe refused to recognize a common economic market because that would be a recognition of capitalism (as opposed to communism which prevailed in Eatern Europe).
The definition of a state-run economy would be Communism but there is no definition of providing for its citizens.
It was the Marshall Plan.