Comment Re:Japan too (Score 2) 224
I think a review of post-WWII history will show that Britain spent decades in a spiraling decline. It's empire and the kind of locked in economy that that vast empire had created began to disintegrate. The huge debts accrued between the late 1930s and 1945, much of it owed to the United States in one form or another, left it the sick man of Europe. It probably would have entered the Customs Union earlier, but de Gaulle had an absolute hatred of the British and did everything he could do to block it. A seemingly permanent turn around happened as it integrated into the European economic community. It had to replace its Empire with something; and the Commonwealth had proven an enormous failure; with the preeminent Commonwealth nations like Canada and the Australia resigning their economic relationship with the UK to the dust heap.