One-time imperial power and the one-time jewel in that old crown. It is good to see amity between the United Kingdom and India. They have a new trading accord. This may be a matter of considerable significance for the ongoing transformation of world trade. Not only are these two powerhouse economies, but this deal may be part of a pattern. Negotiations had been on a back burner for years, But, when the President of the US started talking about how we need only two out of every 30 imported dolls -- or whatever -- the rest of the world had to think about work-arounds. "Who can we sell to when the US stops buying from us? Who will we buy from while we are holding up our end of a trade war with them?" Accordingly, the Brit/Indian deal went to the front burner in recent months. This one may have some special resonance for those fascinated by the history of the US, because we know that in 1861 Lincoln told the Brits they could no longer import cotton from t...