The World as It Is Today comprises 11 songs, all composed by Fred Frith with texts by Chris Cutler. The last song, "Albion, Awake!" was recorded as an instrumental because Dagmar Krause objected strongly to the violent nature of the lyrics. The lyrics for "Albion, Awake!", however, still appear in the booklet accompanying the album.
In 1988 The World as It Is Today and Art Bears' previous album Winter Songs were re-issued together on a single CD entitled 25 Songs.
The album was also re-issued in 2003 as part of The Art Box a boxed set of six CDs, which included all the material released by the band, together with live and unreleased tracks, plus remixes by other musicians.