Maybe for citizens of major imperial powers, but looking at a global picture, they've regressed us to the mean.

https://www.vox.com/2015/6/23/8832311/war-casualties-600-yea... (Logarithmic scale, does not include the conflicts of the past 20 years)

For now, maybe. It only takes one escalation or a series of unfortunate mistakes for this status quo to shift dramatically, over the course of a few hours.

Post hoc ergo propter hoc