Well yeah you could also go like that backwards in time. Iran kidnap crisis, OPEP, cold war, hot wars ( proxy and ww i, ii) and so on and so on.

At least 1st world was steadily growing and improving since 1945, almost uninterrupted (yep, crisis in 1st world are amateur levels). If you were NOT born in 1st world you have to add corruption levels you can’t imagine, economy rollercoaster that makes 10% inflation look like an utopia, and CIA destabilizing your country every single time it starts catching up.