We live in a skeptical age. I guess there are no classical heroes any more, so there can't be any more "awe and wonder" either at the stature of the hero or at the depth of his fall. We still can have some heroes, like "Sully" Sullenberger, who landed his plane on the ice of the Hudson River and walked through it twice as it was sinking to ensure that there were no passengers left behind, or Lt. Hugh Thompson Jr. of the My Lai massacre, who forced murdering US troops back at gun-point.
I grew up in an age of heroes - - Winston Churchill, FDR, MacArthur; I can still recall, as a pre-teen, crying my heart out, listening on the radio to MacArthur's farewell speech. (My excuse is, I didn't know any better at the time.) The great heroes are all dead, except for Fidel Castro, and I'm afraid he won't be around much longer either.
But I guess if the "awe and wonder" go, then the tragedy goes too. Or just lives on in a diminished form. On a spectrum ranging from "it's too bad" to "tragic," we've been dialed back to the "too bad" end of the scale. Or, coming back to Kipling, isn't it really more of an irony than a tragedy?