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What doesn’t help is the freakish fact that Britain’s capital, where its elites live, is as big as any US city, despite the national population being a fifth of America’s. You can see why, from a London angle, the two nations seem comparable.
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This doesn't mean that much. Tokyo is comparable to or bigger than Shanghai (at least in metro pop) and China is ~10 times the population of Japan.
NY is considerably bigger than London in metro population, and the US has several huge cities like LA or Chicago etc.
The premise of the article is true though, Britain seems to overestimate itself in modern times. It's a regional power whereas USA is another China or Russia, maybe more in some ways, less in others.
Nothing against Britain, it was a pleasant country to visit and obviously ruling the world ain't everything.