The value system of the people of Kashmir has not been only lauded by people across the world but has been an indelible fact of Kashmiri life. But, alas, our value system that stems from the Sufi ingress of Islam in Kashmir is steadily eroding. This insalubrious trend or development can be witnessed in our overall dealings with each other, or mu’aamilaat which, to say the least, are not picture perfect. In the nature of a travesty, value regression in Kashmir must be stemmed and curbed in earnest and soonest. But, first, the reasons for this grave problem must be understood. It would appear that easy money for some and the quest for the same by many can be held to be the major reasons for this scourge and blight. This, among other things, has led to the inversion of social order where money and the quest for it has become the major motivating and animating end goal for money. It stands to reason that in a place like Kashmir defined as it is by low levels of economic growth, limited market scale scope and opportunities thereof, the size of the economic pie is limited. If there is a mad scramble for it, inevitably, there will be corruption and unethical behavior, in the expansive sense of the terms. Moreover, in the minds of many, money besides the pecuniary benefits it offers, confers social status. This is in sharp contrast to the past where the ethical, moral and religious orientation of individuals and people would confer respect, honor and safety to them. Now, it is mostly or largely about money. All this is not to say that the entire society is implicated in unethical behavior and value regression. No. Not at all. There are both pockets of innocence, honor and respect in our society which , however, are getting occluded by the day. Kashmir, in or at many levels, is at a critical historical juncture. If care is not taken then what we may bequeath our posterity is something that is neither salubrious nor respectable. It is about time that we take recourse to introspection and a course correction with respect to our moral values. Value and moral regression are serious and grave issues that must concern and give pause to all of us. We must dig deep into our value system and its wellsprings and recreate a robust society in terms of outstanding values.