Now, people are trying to argue whether or not the world is better or worse than OTL here, but that's an oversimplification. In my view, the 20th century of FoM is worse than the 20th century of OTL, but the 21st century of FoM is much better than the 21st century of OTL.
In the 20th century of FoM, there was a genocidal Warsaw Pact that made OTL's Warsaw Pact look saintly by comparison. It also had nukes being used rather liberally, and it had Aflaq's madness and the resulting devastation of the Arab world. We also had more of Europe under dictatorial regimes than in OTL. We also had even democratic nations like Japan committing ethnic cleansing. And there was more racism in the South of the USA.
However, by the 21st century, Russia and China are more peaceful and democratic in FoM than OTL. The majority of the world is democratic. The only places that are really questionable are South Africa, Ethiopia, and maybe China depending on just how democratic the KMT is. It also has fewer conflicts. And the Third World is more stable. And the Fascist World has mostly tried to apologize for the bad stuff it did.