no i don't think we are devolving, rather that we're just not evolving any more, we've stagnated, and the power that technology brought us ends up showing our fails better because they get bigger and more serious.
example:
100 years ago ecological insensibility caused localized issues at worst, today it threatens life on a planet-wide scale.
same with war: while 100 years ago a world total war would bring misery to half the world, today it would destroy it.
and with financial corruption: 100 years ago greed, economy schemes and financial fraud were responsible for wide spread social problems; and a period of social revolutions followed everywhere in the west, however, today the same issues are destroying our basic liberties and conquered rights on a global scale.
anyway let's hope this trend is disrupted, as technology is now bringing us a lot more information than the ones that allowed us to have it ever thought it would, and that might just lead us to a global conscience that makes us reject the corrupt covered dictatorship regimes we're all living in.
i hope, someday; we all deserve better than this.