No the cold war required a bipolar world for it's stability with MAD being the keystone that held the arch together. That was the only way for it to be stable and why we didn't have a massive war, with all actions being confined to small proxy wars.
We are in a multi-polar world now, Trump pointed out and many people are starting to agree, about whether or not the US really should be so closely aligned with Europe, NATO will probably stick around but it might not be enough. Meanwhile India has happily agreed to buy all the Russian oil that Europe isn't, which is done to spit in the face of the sanctions imposed on Russia. The mutli-polar world right now is US, India, China, EU, and Russia which is still a regional power, each of which have different interests.
The problem is China and the EU are facing huge demographic shortfalls in the next 30 years that will pose existential threats to their society, Russia is in the same boat. The EU is having this problem addressed to a certain extent through immigration but the nationalistic racist attitudes of the Chinese people make this a less palatable option for them. It is likely that the demographic cliff is going to continue to stress Chinese society to the breaking point until it snaps and begins an international incident that could quickly escalate to a global war. The best thing the US could do to preserve it's interests is do whatever we need to to schmooze up to India and cement an alliance with them, as they represent the best regional challenger to China and if they end up on the side of the CCP will cause huge problems as at that point a Bejing-Delhi alliance will be able to exert control over 1/3 > of the world's population. (This assumes they will be able to control all of Southeast Asia through soft and hard power)
We are in a multi-polar world now, Trump pointed out and many people are starting to agree, about whether or not the US really should be so closely aligned with Europe, NATO will probably stick around but it might not be enough. Meanwhile India has happily agreed to buy all the Russian oil that Europe isn't, which is done to spit in the face of the sanctions imposed on Russia. The mutli-polar world right now is US, India, China, EU, and Russia which is still a regional power, each of which have different interests.
The problem is China and the EU are facing huge demographic shortfalls in the next 30 years that will pose existential threats to their society, Russia is in the same boat. The EU is having this problem addressed to a certain extent through immigration but the nationalistic racist attitudes of the Chinese people make this a less palatable option for them. It is likely that the demographic cliff is going to continue to stress Chinese society to the breaking point until it snaps and begins an international incident that could quickly escalate to a global war. The best thing the US could do to preserve it's interests is do whatever we need to to schmooze up to India and cement an alliance with them, as they represent the best regional challenger to China and if they end up on the side of the CCP will cause huge problems as at that point a Bejing-Delhi alliance will be able to exert control over 1/3 > of the world's population. (This assumes they will be able to control all of Southeast Asia through soft and hard power)