Confucius was born in 551 BC and Confucianism is a collection of
his words of wisdom by his students some 2500 years ago!! How
relevant is it for society today is entirely up to each
individual.
The society has changed. Confucius emphasized that one must first
have good self discipline, then manage your family well before you
can run a country and bring peace to the world. Today leadership
selection is based on meritocracy and their messy private lives
come into the limelight only after they have become leaders. One
good example is the young man who racist attitude but still made it
to be a government scholar.
The value system has changed. Confucius said that a gentleman must
be caring (ren), righteous (yi), respectful (li), humble (lian),
credible (xin), faithful/loyal (zhong) and forgiving (kuan).
Unfortunately in todays context, you care only those who care for
you and you cant be caring for everybody; profitability comes
before righteousness; you dont expect to be respected just because
you are old; be humble means you cannot be aggressive and that is
detrimental to your promotion; your credibility is determined by
what is written in the contracts and not who you are; companies
wont keep you just because you are loyal or faithful, you will
still be fired if they can find somebody younger and cheaper; you
should not forgive your opposition especially if he remains a
threat to you.
Confucianism encompasses words of wisdom or virtues for all parts
of lives. Some are common virtue to all mankind, like filial piety
which is also mentioned in the Ten Commandments in The Bible. Some
are still valid today, but only as useful as quotable quotes, like
if you read but do not think, you will be confused, if you think
but do not read, you will be perplexed. Confucianism teaches us to
take the central road, never go extreme (zhong yong zhi dao). In
reality, whether to go middle of the road and become neither here
nor there, or go all the way in whichever direction, is entirely up
to each individuals characters and judgment.
China has stagnated as "dong Ya Bing Fu", in my opinion, mainly
because it has always been basically agricultural and came with it
the feudal system. Though there are a few words on political
governance, but Confucianism is basically a value system for moral
self improvement, Unfortunately I do not see the government
practicing the values or virtue, no matter how much they talked
about it.