These considerations, I take it, are what explains the Jewish character of the upheaval in the East, with its destruction of the Russian nation, its enormous experiments in social economy, its inevitable impoverishment of the State as a whole, its enthusiastic support by the minority which accepts its doctrine.
Seems that the great mass of the nation has affirmed
the instinct of private property with the greatest vigour, and that some nine-tenths of the Russians have settled down upon the land to which they always claimed ownership and in which their sense of ownership is more fierce than ever. In the towns the unnatural system—unnatural because it opposes all our instincts as Europeans—works more and more slackly as vendors the original system of terror weakens. For it is clear that Communism needs a despot, and the active rule of a despot is necessarily short: it is a system incapable of transition and therefore of duration.
The perfectly explicable but deplorable exercise of vengeance by the Jews has been directed against what we euphemistically term the governing directing classes, who have been massacred wholesale and whose remnants are subjected to perpetual persecution.

‘We ought, I think, not to nourish a new
Special hostility against the Jew on account of what he has done in Russia, but on the contrary to excuse him...
That sounds an extreme thing to say... But though it sound fantastic, I am convinced that it is a right attitude. To lose one’s judgment on a permanent problem through panic or heat.. is the negation of reason. As well might a man who is dealing with the problem of fermented liquor... let his judgment be overcome by a case of delirium tremens...
Our conclusion is a recognition and protection
Of the Jewish nation as something quite different from ourselves and yet necessarily inhibiting our society. Such a full recognition leaves us fore-armed against the tendency in the Jew (which we cannot avoid) to forget our national feelings and to misconceive our sense of ownership. It would render impossible the conspiracies and the vengeance which have destroyed Russia, and I believe that had the former Russian Government treated the Jews as I say they should be treated, it would be in power to-day.’