Without commonly shared and widely entrenched moral values and obligations, neither the law, nor democratic government, nor even the market economy will function properly. What do you understand by this statement? Explain with illustration in contemporary times. (150 Words, 10 Marks)

Without commonly shared and widely entrenched moral values and obligations, neither the law, nor democratic government, nor even the market economy will function properly. What do you understand by this statement? Explain with illustration in contemporary times. (150 Words, 10 Marks)

For instance, in the realm of democratic government, a lack of shared moral values can lead to a breakdown in trust between citizens and their elected representatives, resulting in political polarization and governance challenges.