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Better on the average, much worse on the tails. Betterment of everyday life has come at the price of huge tail risk (nuclear, biological threats, etc.) So "better" is a matter of perspective. IMO this world is much worse than 100 years ago.
Tail risk in 1918 was likely much greater and affected many more. Spanish flu that year was in the process of killing 50-100 million people (3-5% of the global population) https://en.m.wikipedia.org/wiki/Spanish_flu …
Bjorn- in response to Mike's point about tail risk with permanent consequences; you give 1 year's history, 1918 was during WWI! Ask Chinese government if they are concerned abt pollution? Ask my Marshalese neighbors in Springdale, AR, abt their homeland dissappearing under waves!
Tail risk now can wipe out 95% - 100% in a matter of minutes - think: thermonuclear war. In addition, due to medication and virus mutations, human organism is getting weaker. Your progress is related to living comfort which is fine but has come with pushing tail risk to extremes
naw, humans are stronger due to nutrition and technology. Look how the last ebola outbreak was stopped. Nuclear war has created basically a suicide pact, so major powers will likely never fight a major war again. next step - we create surplus resources for everyone
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