Would things have been better if the Central Powers won WW1?

Though for all its failure it kept going until only a week before Germany packed in. And even then this was due more to purely military factors - the collapse of Bulgaria and resulting exposure of AHs entire southern border - than to the Monarchy's internal problems.

But the problem is not survive war, that's so easy to appear trivial compared to the really hard part aka survive peace; the real test will be when the soldiers will get home, with the economy in bad shape and the faith in the enstablishment shattered (as it happened everywhere after the war...so i never get why the victorious CP get the bonus of a population happy with the war management), the credibility of the goverment almost null as it's clear that's Berlin to call the shot (or at least have a very powerfull influence).
 
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