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No, most of the world is capitalist, and most of the world is poor. Only a minority of imperialist capitalist countries, primarily in europe and the US, have wealthier populations due to hundreds of years of colonial exploitation.

In fact world poverty is increasing, if we exclude China and it's poverty eradication efforts.

If you're comparing things to what existed before capitalism was coined, sure. Yeah, we're doing better than literal fudalism, which was still a capital and hierarchy based system. No one is asking for a return to fudalism though! It very easy to say "we're doing better than them so we need not try to improve." It's not helping anyone though, except those who benefit from maintaining the status quo.

Doesn't matter when the cost of living is outpacing wages, the poverty line is held artificially low and the wealth gap is growing absurdly fast. Material conditions are getting significantly worse, and telling people "uhm actually the poverty rate is lower" doesn't help people pay rent or put food on the table.

Feudalism is alive and well and it's name is capitalism, and I'm not alluding to some vague comparison I mean it literally. Farmers in the US specifically are increasingly working land they do not own because it's bought up by investors and private equity. Bill Gates owns a fuck ton of farmland but he sure as hell isn't working it.