Much better.

The Soviets take over Europe and Americans are kicked out. With no Capitalist and American corruption in Europe, the great replacement doesn't happen. Socialists simply have no incentive to import labor and grow the economy. Most of the degeneracy never happens and Europe as a whole becomes more conservative. The white race survives and thrives in Europe.

Outside Europe however, the US tightens its grip on its colonies. The US, Canada and ANZACs enter into one federated Empire. The US becomes extremely aggressive militarily in South East Asia and Latin America. It blockades and bombs any country even veering towards communism and the CIA runs mass killing operations in Latin America and Southeast Asia.

China enters into a direct alliance with the US to counteract the Soviets. Chimerica is on an accelerated timeline and China becomes a superpower much faster. India falls into isolationism.

There is no global financial cartel as US dollar has no monopoly status due to a lack of petrodollars. Israel becomes untenable and Jews begin mass migration to US, causing it to be more leftist and chaotic.

The US undergoes the same degeneration as before but with increased fervor and drags the anglosphere with it.