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I think WW1 was a way for Britain to 'clip Germany's wings'.
Therefore, it was Britain's fault.
Which is probably why in Britain, it is mistakenly viewed as some glorious defeat of an evil empire. The reality is that young Germany was rapidly catching up on Britain in terms of military size, and had eclipsed Britain in terms of industrial output(could be wrong there, can't be bothered to check). Imperial Germany was a massive economic threat to the British Empire.
I also agree with Lenin's views on WW1 . For anyone interested, read: Imperialism, the Highest Stage of Capitalism. Essentially he argues that it was a war of empires for control of Europe.
The Serbian angle is often not looked at fully. Albania.
Prior to WW1, Albania was created(much like Kosovo was) by the Western powers, in an attempt to curb the Russian empire, and keep it from securing access to a warm water port(sound familiar?).
So when Serbia was threatened by Austro-Hungary, Russia had to intervene, then Germany had to follow through on their alliance, and Britain/France on theirs. bang.
Okay, I said that I would go through this point for point, so I will.
First, I don't believe that Britain started the war, and if you think about it logically and historically, it doesn't make any sense. The British declare war on August 4th, stating that Belgium has to be kept neutral and that they're entering the war in order to protect Belgian neutrality. This is clearly a crock because the British want to protect their sea trade, which they nearly fail to do anyway.
Between 1900 and 1914, Germany does become an economic superpower. They attempt to build a fleet to rival the British Grand Fleet, but give up due to the fact that it's incredibly expensive and creating tensions with the British. The Germans actually want the British to support them, and during the July Crisis, the Germans really attempt to avoid offending Britain, knowing that the Royal Navy is incredibly powerful. Von Tirpitz is not stupid, and he realizes that any attempt to go up against the British with a fleet less powerful than the Royal Navy will end in failure. Indeed, when the Kaiser calls for war in 1912, it's Von Tirpitz who refuses to go along, knowing that the High Seas Fleet is far too weak.
The issue with saying that Albania was created to prevent access to a warm water port is that the Russians already had one at Sevastopol.
What happens is that the Black Hand assassinates Franz Ferdinand, for which the Serbian government is (somewhat truthfully) blamed. The Austro-Hungarians are issued the so-called Blank Check, and know that Germany will support them regardless of what they do. As a result, the Serbians get an ultimatum which they largely agree to, but it has the stipulation that the Black Hand be tried in Serbia under Austro-Hungarian officials. Of course, the Serbians refuse and the Austro-Hungarians mobilize.
The Austro-Hungarians mobilize and then the Russians begin to mobilize in response to reports of German mobilization. With Russian mobilization comes French mobilization, and so on and so forth.
The British join to safeguard their control of the seas, and largely rejected any defensive pact with the French throughout the 19th and early 20th centuries. The Germans had been agitating for a war since 1912, if you can believe Fischer, and the Russians and French both had their own reasons for wanting a war.
If you want to know more, PM me, and I'll send you a 12 page paper I wrote for a class on this subject.