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If the US didn't rise to super power status after WW2 then Russia would be in the US' shoes today. There wouldn't have been any arms race, so they would still have money and no propaganda trying to turn ppl away so it would just be the US' but commies instead.
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I'd expect the USSR might have overrun Europe. It is possible that Western Europe would have gotten aid from other sources (made a deal with some other world power), but I suspect Russia would have been able to steamroll them.
By now, the world economy would be in a tailspin. Some nations would be experimenting with other forms of economics.
Alternatlively, a small scale nuclear war could have happened. Possibly the Caliphate would have been formed, and the world would have witnessed a standoff between Islam and Communism.
Asia may have been on one side or another of any such conflict.
Britian may have kept her Empire to a certain extent, especially if she held off against direct rule by communist Russia (good old water) long enough to appease. When your choices are Russia or Britian, colonies may have willinging stayed under the Queen.