The critical situation of contemporary civilisation arouses fears in both philoso-phers and sociologists. It is becoming clear that humanity is still not ready to cope with current problems and society is unable to make full and proper use of the advantages of a democratic political system. Contempo-rary society is mostly oriented to utilitarian values and spiritual values are vanishing. Possible ways of improving this situation can be found in an educational system that reinforces orientation to spiritual values and ethical and aesthetic questions. This problem is explored with view to Central European post-communistic society and is divided into three parts: The Crisis of Contemporary Society, Values and the Value Orientation of Contemporary Society and Value Transformation and its Mechanism. The changes in values of the end of the 2nd Millennium are compared with the values of the beginning of the 3rd Millennium and their manifestations in the political system, social organisation, the sphere of economics, education, arts and science, and in personal and intimate life.