Fascism doesn't really exist, it never gained much popularity due to many of it's biggest pushers either dying(Adolf) or probably staying Socialist in a desperate attempt go fix the utter collapse of economics at home(Mussolini)

The Socialist vs Capitalist thing also is nowhere as it was OTL. Communism only exists in China and France atm, in terms of "powers" and they haven't pushed their wills onto neighbors like the USSR did. Nor is there a major capitalist superpower fighting them.

The USA just finished a civil war, and is fixing themselves up. The UK is standing up again and only just now streching their legs probably. Likewise with Italy.

Germany and Austria are pretty heavily state-buisnesses with interventionism, so calling them "capitalist" wouldnt be perfect.

PoW is more of a "Imperialism vs Independence" at the start, as Monarchies and Europe try to get back into the swing of things as socialist movements erupt in force and colonies enjoy their new independence.