Newer Metals
We now have steels in stainless that compete very credibly with the high carbon steels.
S30V, 154CM, 440C, 420HC, VG10, 14C28N, 12C27, ATS-34, AUS-8.
Some of these steels are essentially equivalent, and they're not uniform, one to the next, in hardness and other characteristics. They are all, however, a significant step up from the steels of yesteryear.
There are certainly compromises made, but there are plenty of high-quality stainless formulations that hold up very well.