Final answer:
The statement in question acknowledges cultural relativism and the complexity of assessing the multitude of belief systems in the world. While philosophy encourages the scrutiny of culturally inherited beliefs, it is also important to recognize the existence of objective facts that are independent of individual belief systems.
Step-by-step explanation:
The statement "We may value our own beliefs and customs, but there is not an 'only way' or 'best way' to live in this world" reflects a recognition of cultural relativism and suggests that there is no single, objective standard for living or for assessing the multitude of different belief systems and practices that exist in the world. This view aligns with postmodern relativism, where the validity of any belief system is subject to individual interpretation and cultural context.
Philosophy and critical thinking encourage us to scrutinize our deeply held beliefs for inconsistencies and question the certainty with which we hold truths that emerge from our cultural or personal perspective. However, there is a tension between advocating tolerance for diverse beliefs and acknowledging that not all opinions can be correct, as demonstrated by the existence of objective facts in the world, such as scientific truths. For example, conflicting beliefs about the shape of the Earth cannot both be correct; the Earth cannot simultaneously be flat and round.
Furthermore, it's critical to differentiate between subjective opinions and objective knowledge; facts exist independently of our beliefs about them. Although many cherished beliefs might stem from our cultural worldview, it is important to examine these views and not accept everything at face value, which could lead to contradictions. Values like tolerance do not necessarily mean agreeing with all viewpoints, especially when faced with moral questions where certain actions are universally considered to be wrong, such as the case of murder or child abuse.