It’s official. America’s Suez moment has arrived
"Britain had once been the dominant power in the world. But years of unsustainable finances and economic decline changed all of that. By the end of World War II, Britain was nearly bankrupt. But reality hadn’t set in yet. They still saw themselves as a superpower. British policymakers were still at the peace table. They helped set up the UN, divide up Germany, and even influence the new global financial system at Bretton Woods. Reality finally hit during the Suez Crisis. It became clear that the UK no longer had the economic fortitude or international standing to do as it pleased. And with the US opposed to the invasion of Egypt, the British government had no choice but to withdraw." Continue reading →