AHC: A Three-Way Cold War

Easiest way for this scenario is WW2 stalemate.
Another way is post-WW2 EU without NATO, but instead we have some kind of European defence alliance. NATO (USA, UK, Canada) vs EDA (EU) vs Warsaw pact.

The main problem is what is the third ideology.
 
Islamic radicalism was largely driven by the failure of secular arab socialism in the arab world and by the radicalization of the clergy in Iran due to a mix of the Shah's secularization policies and the clerics being in the same cells as the communists and coming to the conclusion that the Quran needed to be a revolutionary book in the same fashion as the communist manifesto. I can't see such a bloc emerging before the 1970s.
Then you need to make Arab socialism fail earlier
 
Possible third ideologies:
- Arab socialism,
- neocorporatism/technocracy adopted by post-war EU,
- theocracy, although I don't know who would be the leader of this group
- Yugoslav model of socialism expanded to non-aligned
 
The trouble I see is that at some point the two super powers will align against the third... usually the USSR. I think it would almost have to be Germany or Japan, anything involved with Britain will be too friendly to the USA to be considered a proper cold war and any other power is too weak to be considered a threat by the other two (and even Japan may struggle to influence events outside the western Pacific and Indian Ocean).
 
Possible third ideologies:
- Arab socialism,
- neocorporatism/technocracy adopted by post-war EU,
- theocracy, although I don't know who would be the leader of this group
- Yugoslav model of socialism expanded to non-aligned
What about generic anti-imperialism or in a "neutral Fascist Italy" scenario, Italian-style fascism?
 
Fascist Italy aligned with Spain wouldn't be strong enough to form a 3rd block on their own. However once anti-colonalism kicks in I could see France digging it's heels fiercer than in OTL over decolonization. Especially since in TTL Italy will likely manage to keep Libya at least. Resulting in France drifting ever closer to the Latin Block. Those 3 together with their remnant colonial Empires would be enough to form a faction of their own. Just to be clear: I'm not suggesting France go Fascist in TTL. Just that it align itself with the "Latin Block" which everyone is going to call "Imperialism Block" anyway. Going by OTLs strange bedfellows throughout history, that's nowhere near ASB.
South Africa and Rhodesia would undoubtedly look to them for support. South and Central American dictatorships worried that playing the "anti-communist" card isn't going to always cut it with the U.S. "whining about humans rights" would be fertile battlegrounds for influence.
If you want to add to that: Have Nixon not to go China and eventually pragmatic mutual self-interest lead to the Wests Red Headed Step Children (Latin Block) and Communisms Red Headed Step Child (PRC) start working together.
 
What about generic anti-imperialism or in a "neutral Fascist Italy" scenario, Italian-style fascism?

Generic anti-imperialism sounds like perfect playground for Soviets. Who's running this bloc? What is their objective?
Neutral fascist Italy scenario is possible, but without Mussolini and his decisions in the '30s. Spain, Italy, Portugal, and maybe Brazil and Argentina is pretty strong bloc on paper, but in reality but they would lean toward capitalist bloc. If Italy manage to keep her colonies, especially Libya (because of oil), Italy would become a significant and unavoidable regional player. I wonder how this would affect the policy of the Middle East, considering Suez crisis, etc.

In the end fascism would be abolished, or at least semi-abolished and Italy would become parliament democracy, but Italy would be generally richer than today, with larger territory, more population and probably less pronounced regional differences. Generally, Italy would remain a monarchy and a more stable country during the Cold War period.
 
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