What if Hitler defeated Britain, then what would have become of the colonies?
But, Germany seemed to have no colonial "interests."
For example, there were no discussions with Japan to return "The Mandates" that Germany lost as a result of WWI.
A question might be why did countries that were free before WWII end up behind the Iron Curtain afterwards. Or, as communists became major elements of Western Europes governments (e.g., France), ... Or, just who won WWII?
Depending on the figure-of-merit to judge, the mileage may vary.