The issue the UK has as far as I'm concerned is that we have a political and managerial class who are basically disinterested in the grand scale.
We don't spend much money, we try to shelve what little we do spend (e.g. we have two aircraft carriers rather than the one that was rumoured for a while, has the world blow up?), Our government is one of the happiest to sell off state assets ever, and now our current government ran out of ideological steam about 7 years ago so we are stuck with a collection of lunatics and retards in power.
I used to be pretty firmly in the "don't tell people they're voting against their own interests" camp, but I was wrong. Our electorate is given a sword to fall on (FPTP), but chooses to jump on the sword rather than make a fuss.