The radical attack on America completed the destruction begun by the plutocrats; they played into each other's hands like crooked gamblers. The plutocrat and the politician made patriotism sickening by using it to blackjack those who saw skullduggery corrupting our country; and the radical critic made patriotism ridiculous by belittling the nation's past and denying its future. The politicians supported committees to make lists of heretics, and tried to deny civil rights to citizens in minority parties; and the intellectuals pretended that the Ku Klux Klan was the true spirit of America; the plutocrats and the politicians murdered Sacco and Vanzetti and the radicals acted as if no man had ever suffered for his beliefs in France or England or Germany or Spain. The debasement of American life was rapid and ugly--and instead of fighting, the radical critic rejoiced, because he did not care for the America that had been; it was not Communist and not civilized in the European sense--why bother to save it? In 1936 I summed up years of disagreement with the fashionable attitude under the (borrowed) caption, _The Treason of the Intellectuals_. Looking back at it now, I find a conspicuous error--I failed to bracket the politician with the debunker, the plutocrat with the radical. I was for the average man against both his enemies, but I did not see how the reactionary and the radical were combining to create a vacuum in American social and political life. The people of the United States were--and are--"materialistic" and in love with the things that money can buy; but the ascendancy of speculative wealth in the 1920's was not altogether satisfying. More people than ever before gambled in Wall Street; but considering the stakes, the steady upswing of prices, the constant stories of success, the open boasting of our great industrialists and the benign, tacit assent of Calvin Coolidge--considering all these, the miracle is that eight out of ten capable citizens did not speculate. The chance to make money was part of the American tradition--for which millions of Europeans had come to America; but it did not fulfill all the requirements of a purpose in life. It wasn't good enough by any standard; it allowed a class of disinherited to rise in America, a fatal error because our wealth depended on customers and the penniless are not good risks; and the riches-system could not protect itself from external shock. Europe began to shiver with premonitions of disaster, a bank in Austria fell, and America loyally responded with the greatest panic in history.