Here is a three point checklist for the culture wars. I assume you would not be reading a magazine called Crisis if you thought all was well. If you don't know that our entire civilization is in crisis, I hope you had a nice vacation on the moon. Time never questioned the assumption, it just wondered why the music on the Titanic sounded so nice. It turned out, on reading the article, that every single aspect of life that was mentioned, every single reason for life getting better, was economic.
People are richer.
End of discussion. Perhaps Time is just Playboy with clothes on. For one kind of playboy, the world is one great big whorehouse. For another kind, it's one great big piggy bank. For both, things are getting better and better.