Historically, Germany and, before that Prussia, was a preeminent land power. German commerce has the rest of Europe as its primary customer. Since the end of World War II, Germany's overseas commerce has been protected by NATO. For all the design flaws noted, it appears that Germany is stepping up its game. Trump has asked other NATO members to increase their military spending, and the Germans may be doing just that.
If the Kaiser had not built that navy, the Brits might not have allied with the French and a whole new history of the world would be written...
Of course, the Germans would also have to have forgone invading Belgium, too!