In: Economics
Cultural relativism states, in essence, that there is no absolute truth in ethics; there are only specific cultural rules, and nothing more. Cultural relativism questions our belief in the objectivity and universality of moral reality. Different cultures have different standards of morality. The moral code of a society decides what is right within that society; that is, if the moral code of a society states that any action is right, then that action is right, at least within that society. There is no objective criterion that can be used to judge one company's code better than another. There are no universal truths that bind all men at all times.
Cultural relativism is the idea that there are no objective criteria on which our community can be measured, since of culture is entitled to its own values and approved practices. No one should object to the bigotry of any culture that expresses the indigenous worldview. Since there is no universal moral reality applicable to all men, and for all time, one moral code is no better or no worse than the other (i.e. the doctrine of moral equivalence). We should not, therefore, enforce our beliefs on other cultures.