Introduction
The focus here is not on Jews or Marxism or the Underman, although all are mentioned. Rosenberg here is focused on the fact that Capitalism is destructive to the national ethos. This seems to be a more fundamental problem than Jews, Marxists, and the ascent of the Underman. This essay is about how the Germans must straighten out their own ethos.
Rosenberg says that the Germans must get back their sense of honor, if they are to survive as a people. The honor to which Rosenberg refers includes unwillingness to suffer grievous insults and unjust treatment of one's folk. Where Rosenberg uses the term German-consciousness (Deutschbewußtsein) it amounts to a synonym for honor.
When pursuit of money becomes the highest value, it undermine the sense of nationality and the sense of honor. Rosenberg sees Capitalism as thus preparing the way for the rule of the Underman. Furthermore, he sees the Social-Democrats as deliberately using Capitalism for that purpose.
With a quote from Frederick the Great, Rosenberg implies that the corrosion of national honor under Capitalism was what had induced Germany to accept a highly unfavorable armistice in 1918. After that, the attack on national honor was continued with more direct means, such as inflicting guilt for alleged war-crimes, and presentation of entertainment that humiliates the nation.
There is a significant parallel here with what has happened since the United States' ignominious retreat from Vietnam. We too need to change our way of thinking.
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