According to Buddhist philosophies in the Suttapitaka, the "ten moral courses of conduct" will disappear, and people will follow ten amoral concepts instead, i.e. theft, violence, murder, lying, evil speaking, adultery, abusive and idle talk, covetousness and ill will, wonton greed, and perverted lust. Poverty will then skyrocket. The Dharma, or worldly laws, would then disappear from the world.
A new Buddha by the name of Maitreya, will arise. This new Buddha will "replace the counterfeit Dharma of materialism and selfishness...and give new teachings to solve the social problems of the world."