Nope. The era of two or more powers fighting is over. I could see a few small nation-building wars after terrorists, but not against these countries. At this point, fiscal policy and economic activity is more important than the acquisition of resources or land.
I agree with you on fiscal policy overtaking military matters in terms of global importance, but
the first part about the era of two powers fighting one another is a bit too bold and optimistic, at least in my opinion.
I disagree. Even nut-jobs like Kim Jung Il know that a full scale war between military powers would quickly turn into a nuclear war, which could potentially kill off humanity. Besides, why risk the lives of your people when you can remove the capital gains tax and get the world's largest corporations manufacturing products in your country?