The Drowned Giant by J. G. Ballard (1930 –2009)
The story reminded me of the Fall and Decline of the Roman Empire.
The empire was strong, prosperous, undefeated, admired and awed, but in the end
its territories were limited to the small area called Constantinople and then
was defeated by Ottoman Turks. The Empire fell but its ruins still remain.Like the Roman Empire, the giant was first awed by the people but then made light of and finally discarded leaving only huge bones.