This column was originally published for the Ball State University Center for Business and Economic Research Weekly Commentary blog. Both wars are dominated by technology as revolutionary to warfare as gunpowder, machine guns, tanks and airplanes. The good news is that China is too, so global military engagements by large powers are likely to moderate. Michael J. Hicks is professor of economics and the director of the Center for Business and Economic Research at Ball State University. The views expressed here are solely those of the author, and do not represent those of funders, associations, any entity of Ball State University, or its governing body.