Can someone explain subjectivism for me?

[optimus_prime]

For my philosophy final. From William James:

[ QUOTE ]
Outward goods and evils semm practically indistinguishable except in so far as they result in getting moral judgments made about them. But then the moral judgments seem the main thing, and the outward facts mere perishing instruments for their production. This is subjectivism.

[/ QUOTE ]

I've read this a dozen times and feel like I'm just able to scratch the surface.

Any help greatly appreciated.