How did the UK lose its status as dominant power? By being involved in two costly wars within the space of 30 years that, even though it won, left it essentiall

How did the UK lose its status as dominant power? By being involved in two costly wars within the space of 30 years that, even though it won, left it essentially bankrupt. The US has already been involved in Afghanistan and Iraq, it has an incredible amount of debt, it has domestic problems and it’s now spending an increasingly large sum of money on the Ukraine Russia war. If China decides to kick off in Taiwan and the US gets involved in that one too then, even if the US ended up winning, it could very well be in so much debt that, like the UK, it is superseded by an emerging power. In this scenario, China would be depleted from the loss and it would likely be India that took the mantle as the emergent superpower.