those that suggest an Axis victory against Britain in late 1940 was impossible are overlooking the natural land route the Nazis had through Turkey.
Well yes Nazi may win a war against British Empire(cut supply routes to the colonies), but it can not take the Britain island. Then if it come to this stage, it is absolutely that US will engage, as US engaged actually quite long before Pearl Harbor in history. Once US is in the game, it's done.
It doesn't matter that US were not well prepared. US proved itself able to unleashed its power fast enough. Japanese superiority in Pacific lasted only 6-8 months. German Navy can do no better. An invasion to the Britain island is not possible.
The only difference between this scenario and the history would be:
1, With US support Britain would continue fight and win, but as a little brother of US rather than a major power equal to US, and lost the colonies before rather than after the war was ended.
2, Germany would very likely eat some A-bombs.
Only Nazi(with whole west Europe)+Soviet together MAY be a decent(but still weaker) rival of US.
Regarding to the Soviets aggressions to its neighbors, that's no good, but it doesn't seems worse than US to American natives, and we don't call US a fascist power because of that, do we?
It's Russia's "habit" to establish a security perimeter, although it can not be justified to secure your own house by destroying others, it is somewhat understandable consider Soviet's dangerous environment, and the experience of German occupation, Polish occupation, and West interven in its revolution.
And about Nazi's economy plan...It is a stimulus package, a common treatment to The Depression. However, the package of US is to build huge infrastructures, which would create “demand” to re-start the economy, and would also be useful when good economy back, thus it is a good investment. Obama is doing(or at least claim he's doing) something similar in Renewable Energy and ect. But Nazi's package is to militarize the economy, cut the wage of labors, while keep the profit for the industry Monopoly/Oligopoly, so they don't have to share the bitterness, and build up a huge military, which can make no repay in any time, unless it is used to rob others. That is the financial and investment statement of pre-war Nazi Germany. Go to war or go bankrupt. It is not sustainable. Not like Soviet's at all.
Soviet is bad in many aspects, killed tens or even hundred of innocent people, but it also saved and improved living standard of millions without rob anyone eles(unlike most other industrial power), and never push itself to a position that it can only start a war to survive. It is far less bad than Nazi.
@Alsbron:
Hey your new idea is interesting but...if then what's the difference with most other "Cold War Turn Hot" SCNs? A victory Axis SCN would be always has its special tast.
Anyway it's up to you. Don't be over infulenced by these crazy talks here
. A crazy SCN is never less welcomed.