The picture does not change substantially if you look at measures of income adjusted for purchasing power parity. The West is far richer than the Rest and the latter much more populous.
> You may be making much more raw money than a 17th century monarch was, but that doesn't mean a hill of beans if everything costs more and you aren't afforded the same liberties that they had.
I eat better, fresher, cleaner food than they did most of the year, have far more variety in it, have access to vastly more cultural artefacts, and I have access to modern healthcare. I’d be dead but for antibiotics. The same is probably true of one of my children. My housekeeper lost a sister to illness at 21. More than likely she’d have survived if she’d had access to even the level of care standard in Shanghai twenty years ago. Being rich is in fact better than being poor and living in a rich country better than living in a poor one for the large majority of people.
I think you much overlook how great it is to have (somewhat) functional law enforcement, infrastructure, and access to goods and services and healthcare. This is what makes us rich, not the ability to buy cheap things.