Seventy years earlier, Britain withdrew from most of its colonies. Now Britain has decided to withdraw from the EU. The British acumen was one of the most dominant in the world in the 18th and 19th centuries. The British leveraged the value of globalisation through trade and colonisation. It had the confidence and gumption to tread into unchartered territories and exert its durable influence. It could expand and amass wealth and prestige. That was that time (and up until the middle of the 20th century), the sun did not set in the British Empire. The world order changed post the WW-II. The relative influence of the British substantially reduced; though it did remain a major force. It retained its competitive edge and standard of living because of the wealth it has accumulated over the past couple of centuries. However, in the last 70 years, guess the British wealth creation and gumption continued to slip - despite the pound notionally gaining in value. We now are in a ...