Morality in our society

If morality is the answer to the question "how ought we to live", group morality develops from shared beliefs and helps regulate behaviour within a community. The reality of today's society is that many countries are faced with endangered values.
In answer to the question, ''What is world's greatest challenge in the new millennium?", Jimmy Carter has stated in his book Our Endangered Values America's Moral Crisis: "The greatest challenge we face is the growing chasm between the rich and the poor on earth". He goes on to explain that the gap is steadily widening. At the beginning of the last century, the 10 richest countries were nine times wealthier than the 10 poorest ones. Today that ratio is 131:1.

Many independent studies are being conducted on the factors affecting changes to the moral fabric of our society. There is a need to put into perspective the values that are changing as a result of globalisation. George Matafonov in his book Fire and Water: Market Morality and Civil Society states that the root causes of global social unrest are not primarily the result of the rise of terrorism, but should be attributed to the new model of society whose core has become economic theory rather than traditional human values. He argues that in a span of less than 50 years, economic theory has turned the world upside down by insisting that our chief value should be competitive self interest. The challenge therefore for modern societies is to bring back the sense of traditional morality without negating the advantages of economic theory.