I think we are a country that punches well above it's weight, taking many different aspects into account, not only economics and politics but also in the arts. I think we are great innovators and have produced a wide spectrum of writers, artists, musicians, singers, fashion designers etc. etc. Just as Andrew Neil produced a list of what France has given the world, I think that could certainly match them. On a lighter note I never understand why we bother entering the charade that is the European Song Contest, we have nothing to prove on that score having given the world the Beatles, Rolling Stones and a list that could go on adinfinitum. Although I appreciate that is not the thrust of the argument here.
I agree with your comment AB, we have been guilty of being America's lapdog and I don't think we have a "special" relationship, whilst we are an important ally to them, I think it's all a bit one way, their way!
However, having said that I also agree with Jing's statement about the City of London, it is one of the world's most desirable capitals, hence it gravitational pull in drawing in the world's rich, which I know in some respects doesn't always serve those working there in trying to find somewhere affordable to live.
I take some of your points though VQ, the British Empire no longer exists, but that applies to any other previous imperial powers, France, Spain. Many European countries were guilty of expanding their power bases and taking advantage of the countries they sucked into their empire, maybe China could learn from some of our mistakes. I also agree that industry has to fight to survive in a global world. I don't think we are centre of the universe at all, do any of us, but I think we are a major contributor on a world stage, although that of course may not stay the case.
To be quite honest, whilst I think it's possible it's not "our time" anymore, and India and China are two of the new world super powers, they have a long way to go to become egalitarian societies, and whilst we are not a utopia and have disparities between the rich and poor, Britain is still a better place to live than some other countries that are perceived to be on the up and up.