Answer:

Introduction:

The crisis of ethical values in modern times can be attributed to a narrow perception of the good life. This perception emphasizes materialism and individualism, leading to a lack of concern for others and the wider community.

Body:

• Firstly, the emphasis on materialism and consumerism in modern society has contributed to a loss of ethical values. Many individuals prioritize accumulating wealth and possessions, rather than focusing on personal development or contributing to the common good. This narrow perception of the good life has resulted in a lack of concern for the environment, social justice, and other important ethical issues.
  • For example, the fashion industry is a major contributor to environmental degradation and labor exploitation. However, many consumers continue to prioritize fashion trends and designer brands, rather than considering the ethical implications of their purchases. This narrow perception of the good life, which prioritizes personal satisfaction and status over ethical concerns, has led to a lack of concern for the environment and labor exploitation in the fashion industry.
• Secondly, the emphasis on individualism in modern society has also contributed to a loss of ethical values. Many individuals prioritize their own self-interest, rather than considering the needs and well-being of others. This narrow perception of the good life has resulted in a lack of concern for social justice, equality, and other important ethical issues.
  • For example, income inequality continues to be a major issue in many countries around the world. However, many individuals continue to prioritize their own financial success, rather than advocating for policies that would reduce inequality and promote the common good. This narrow perception of the good life, which prioritizes individual success over ethical concerns, has led to a lack of concern for income inequality and other social justice issues.

Some more examples to illustrate the crisis of ethical values in modern times that can be traced to a narrow perception of the good life:

• The opioid epidemic in the United States: The pharmaceutical industry’s push to maximize profits by marketing and selling addictive painkillers, even when there were concerns about their safety and effectiveness, has contributed to the opioid epidemic. This narrow perception of the good life, which prioritizes profit over the well-being of patients, has resulted in the loss of ethical values in the healthcare industry.
• The use of child labour in developing countries: The demand for cheap goods by consumers in developed countries has created a market for products made with child labour in developing countries. This narrow perception of the good life, which prioritizes low prices over ethical concerns, has resulted in a lack of concern for the exploitation of child labour in the production of goods.
• Discrimination and prejudice: The narrow perception of the good life that emphasizes individualism has also contributed to discrimination and prejudice against marginalized groups such as minorities, women, and the LGBTQ+ community. This narrow perception of the good life, which prioritizes one’s own self-interest and identity, has resulted in a lack of concern for the well-being and dignity of others.
• Corruption in politics: The narrow perception of the good life that emphasizes personal gain over the common good has contributed to corruption in politics. Politicians who prioritize their own self-interest, rather than serving the public, engage in unethical behavior such as accepting bribes and engaging in nepotism.

Conclusion:

The crisis of ethical values in modern times is a complex issue that requires a multi-faceted approach. By promoting a broader perception of the good life that emphasizes values such as social justice, environmental sustainability, and the common good, and taking proactive steps such as education, regulation, ethical consumerism, and community and social movements, we can address this crisis and create a more ethical and just society.