Or not, as the case may be.
The recent events in Ukraine have caused a lot consternation in the west that Russia is on the rise again. The annexation of Crimea and the support for the rebels in the East is certainly a very worrying development, not least because all of this is taking place right on NATO's border.
But I do wonder if people aren't getting just a little too excited by it.
It seems the actions of Russia are being used by a lot of people as a rallying cry for massive defence spending. It depends on who you listen to, but I've seen calls for the UK to acquire additional aircraft carriers (beyond the two planned), additional armoured divisions, a doubling of the Typhoon fighter fleet, a doubling of the SSN fleet, and even calls to build or acquire something similar to the American B-2 Spirit as, and I quote, "a firm symbol of detterence[sic] against Russian aggression".