If Germany had won the FIRST world war, it might have been a rather good thing, I think.

It would have left the French and the Russians weakened. The Russian Revolution would probably have occurred anyway in much the same way, either before or following a German victory. The French would have retrenched after the war and done some soul-searching...and they would probably have lost a small amount of land around Alsace-Lorraine, the traditional piece of ground that the Germans and French have fought over repeatedly. There would have been NO cause for the future rise of either Hitler or the Nazis. The German overseas empire in Africa and Asia would have been secured for a time, but I doubt that the British would have suffered any notable defeat themselves in the war (except for their armies on the continent of Europe), so Britain would have remained strong in the world regardless with a huge navy...and their naval rivalry with the Germans would have continued as a potential source of some future conflict. The Austro-Hungarians were so disorganized by 1914 that they might well have gone on to their own revolution, even if the Central Powers had won the First World War. Germany would have become the strongest and most secure nation on the continent of Europe...matched by the similar power of both Great Britain and the USA.

I find the whole scenario considerably preferable to what DID happen with Hitler and the Nazis.

I think it would have been a more stable and less dangerous situation for the world than what did occur in 1914-18.