In London, the Chancellor of the Exchequer, Harold Macmillan, reported to the Prime Minister, Anthony Eden, that Britain could not survive such an action by Washington. The sell-off would prompt a run on the pound, and economic collapse, very quickly. Britain, humiliated, withdrew from Suez, and from global power.

It starts with the money. But it won’t end there. It never does.

And this was the friendliest shift of global hegemony—the one between family, from an elderly patriarch to its greatest scion, two great powers speaking the same language and with a compatible worldview. Its leaders were not just allies, but chums, wartime comrades, Sir Anthony as Churchill’s deputy and Foreign Secretary, Ike as Supreme Allied Commander in London.

But Eisenhower had the money, so he called the shots. Eden’s widow, the Countess of Avon, told me years ago that Ike came to regret his actions over Suez. Too late.

Britain accepted its diminished status with as much grace as it could muster. Like an old failing firm, its directors had identified the friendliest bidder and arranged, as best they could, for a succession in global leadership that was least disruptive to their interests and would ensure the continuity of their brand—the English language, English law, English trade, English liberties. It was such an artful transfer it’s barely noticed and little discussed.

But we’ll notice the next one.

“Next time ’round” is already under way. And one day Washington will be on the receiving end of Beijing’s Suez moment.

AFTER THE BALL

To point out how English the globalized world is, is, of course, a frightfully unEnglish thing to do. One risks sounding like the old Flanders and Swann number:

Which is the point of the song: English braggadocio is a contradiction in terms. You need some sinister rootless colonial oik like me to do it. No true Englishman would ever descend to anything so vulgar. But there’s a difference between genial self-effacement and contempt for one’s own inheritance. In 2009, Geert Wilders, the Dutch parliamentarian and soidisant Islamophobe, flew into London and promptly got shipped back to the Netherlands as a threat to public order.¹⁵ After the British Government had reconsidered its stupidity, he was permitted to return and give his speech at the House of Lords—and, as foreigners often do, he quoted the Winston Churchill, under the touchingly naive assumption that this would endear him to the natives.¹⁶ Whereas, of course, to almost all members of Britain’s current elite, quoting Churchill approvingly only confirms that you’re an extremist lunatic. I had the honor a couple of years back of visiting President Bush in the White House and seeing the bust of Sir Winston on display in the Oval Office. When Barack Obama moved in, he ordered it removed and returned to the British.¹⁷ Its present whereabouts are unclear. But given what Churchill had to say about Islam in his book on the Sudanese campaign, the bust was almost certainly arrested upon landing at Heathrow and deported as a threat to public order.

Somewhere along the way a quintessentially British sense of self-deprecation curdled into a psychologically unhealthy self-loathing. A typical foot-of-the-page news item from the Daily Telegraph: A leading college at Cambridge University has renamed its controversial colonial-themed Empire Ball after accusations that it was “distasteful.” The £136-a-head Emmanuel College ball was advertised as a celebration of “the Victorian commonwealth and all of its decadences.”

Students were urged to “party like it’s 1899” and organizers promised a trip through the Indian Raj, Australia, the West Indies, and 19th century Hong Kong.

But anti-fascist groups said the theme was “distasteful and insensitive” because of the British Empire’s historical association with slavery, repression and exploitation.

The Empire Ball Committee, led by presidents Richard Hilton and Jenny Unwin, has announced the word “empire” will be removed from all promotional material.¹⁸

The way things are going in Britain, it would make more sense to remove the word “balls.”

It’s interesting to learn that “anti-fascism” now means attacking the British Empire, which stood alone against fascism in that critical year between the fall of France and Germany’s invasion of Russia. And it’s even sadder to have to point out the most obvious fatuity in those “anti-fascist groups’” litany of evil—“the British Empire’s association with slavery.” The British Empire’s principal association with slavery is that it abolished it.