The Modern Moral System

Let’s define morality thusly: It is a code of conduct making it possible for people to coexist in a mutually profitable and sustainable fashion.
First we should ask if there is in fact a generally accepted morality. I think the answer is yes, as evidenced by the fact that people still generally get along and society is still functioning.
Moral Relativism is said by some to be on the ascendant. That seems ridiculous to me. I have never met and don’t believe any true moral relativist exists. For more discussion check this out (after 'chestnut' particularly). Moral relativism is used as a shield to deflect moral judgement not intended to be an actual moral system.
The first candidate we have is the diminishing structure of traditional morality. I say diminishing because no universally respected authority is still promoting it in our society.
The second candidate does have powerful forces promoting it but it only as a limited proscription. You might have encountered it as ethics training either at work or perhaps at school. This ethics training is attempting to promote a morality aimed specifically for institutions such as corporations or government agencies. Institutions are large groups of people coexisting together so it is hardly surprising that they recognize the need for morality. However they limit themselves to work related situations, not because good family morality doesn’t benefit them but because their ability to affect it is small, the risks are large (sue, sue, sue), and it doesn’t offer a competitive advantage as an increased moral climate benefits all companies.
Make no mistake, economics as we know it is impossible without a universal morality. Check out the popes musings on the subject.
The funny thing to me about this though is that these codes of conducts almost universally frown on romantic relationships – and this even though they want to stay out of family morality. This is because they have learned by experience the danger that these pose. This strikes me as funny because people who often disdain traditional morality agree with it in one of its basic assertions: sexual relationships can be dangerous to society. It offers no real solution (avoid fallout!) to this problem though, unlike traditional morality which attempts to channel it into acceptable venues where everyone knows the rules.