@RW Standing,
The "relativism" of ethics has to do with the fact that morals, values, and ethics are rooted in complex and flexible ways with cultures. They emerge in the contexts of these cultures rather than in the vacuums or theologies of absolutism.
BTW, ethical and moral relativism may have to do with NIHILISM, the absence of absolutism, but not ANARCHISM, which has to do with the absence of governmentally inspired and enforced order. I would hate to think that ethical behavior could only exist under the pressure of government.