Fall of Eagles portrays the three monarchies as a collection of duplicitous, inept buffoons
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Yes, you're right. The three monarchies collapsed under the burden of superb government.
Seriously, though, upon watching the series the first time I also found the weaknesses of the three emperors to be portrayed almost as caricature. But, then again, it is really hard to caricature some of the truly ridiculous things that presaged the fall of the three emperors:
- the Kaiser's inept diplomacy and poor grasp of the vital interests of his neighbors, as displayed in the Agadir crisis and other of his "gunboat diplomacy" missteps
- the salacious personal life and then the suicide of the Hapsburg Crown Prince, combined with the hamfisted handling of the ethnic minorities in an increasingly untenable empire
- Nicholas' towering ineptitude as a ruler combined with a religious hysteric of a wife (remember this is a man who wrote his wife that he was combing his hair before meeting with ministers with a magic comb Rasputin sent him).
Fall of Eagles is not the best way to learn history. However, to an audience reasonably versed in the history of that era, it was a delightful bringing to life of the look and feel of an era where government and international politics was viewed as something of a family affair.
As for the portrayal of Lenin, I found him to be portrayed as nothing more than an intensely focused man for whom people were not individuals but simply cogs in machines that turned either with him or against him and had to be dealt with as such. He was portrayed as a brilliant stragegist (which he was), a rabid revolutionary (which he was), a cold-blooded cynic (which he was), a ruthless exterminator of opponents even within the socialist and communist movements (which he was), and a man who set up a functioning government in a situation where no one else could (which he was). In fact, I felt the portrayal of Lenin to be the most subtle and well-grounded portrayal in the entire series. Nothing in the portrayal of Lenin suggested, to me at least, a representation of a man that anyone would want running their country.