The way *you*want it deployed, it is. The reality is a number of provisions have been put in place to make 3rd rail "safer" where it is installed and it has been installed in places where people are less likely to come into contact with it, as ZWK500 has pointed out.
You think it's OK to install 3rd rail to the same standards as it was in the 1930s or 1960s - the world's changed and there is a greater requirement for safety. And those extra safety standards come at a cost or, on occasion may mean something cannot be done. So it *is* an unsafe system, it has *always* been an unsafe system. The safety standards have now improved, but that doesn't mean it can't still be used. But as I've explained to you before (at least once) safety standards apply to *new* installations - you can see this with housebuilding, most of Britain's housing stock wouldn't meet the current standards and building regulations, but there isn't a requirement to retrofit everything to meet those standards to every house, *however* as works are done to each house, works need to meet the current standards. So if you have a house with wiring from the 1950s, there's no legal requirement for you to rewire your house *now*, so you can have an old style fusebox, 2 pin plugs, rubberised coatings on the wires, sockets on the light fittings etc etc (providing it is all in good, working condition), but the sparky you call in to rewire your house will rewire it with a modern RCB fusebox, 3 pin 13 amp sockets, modern wiring, including the new colour requirements of Brown = Live, Blue = Neutral and so on - it will be rewired to the standards that are live *now* not those which were live when the house was built.