Not completely, but it's in dire straits.
When we learn about morality, we learn something that was allready inside of us. When we read 'Thou shalt not kill' you dont think,
"Well hey, I never thought that."
Good morality reflects what is allready in the soul. So hopefully people that aren't taught ethics at a young age through parents, will seek it out elsewhere. That's not to say if your parents taught you good morality, you will turn out to be a saint.