No, I just don’t think they’re as good anymore.
Most of their top players played in Europe when they got to three consecutive finals between 1994 and 2002.
Tafarel, Jorginho, Aldair, Dunga, Bebeto, & Romario were all established in Europe at USA 94.
In 1998 in France all of Cafu, Roberto Carlos, Rivaldo, Emerson, Edmundo & Ronaldo were at top European clubs.
At the 2002 tournament in the far east they had Cafu, Lucio, Edmilson, Roberto Carlos, Rivaldo, Juninho, Denilson, Ronaldinho & Ronaldo who were all European based.