Bash Tovi as much as you want. But there is a lot of truth in that above statement.
Because, at that time, people were more about splitting countires powers up. Hence Germany(or Russia) lost all the Eastern Europe Territory(Russia gave it all to Germany and Germany got split at Versailles). Much of WWI was about removing the large power blocks of Europe and the Middle East with Territory to other factions. No where, at that time, was the stuff we talk about today, even understood or thought about.
Hindsight is 20/20. We can say, after it's done, it was bad, but at the time, nothing seems nearly as bad.