Through this shilly-shally way of dealing with the problem the anti-Semitism of the Christian-Socialists turned out to be quite ineffective.

It was anti-Semitic only in outward appearance. And this was worse than if it had made no pretences at all to anti-Semitism; for the pretence gave rise to a false sense of security among people who believed that the enemy had been taken by the ears; but, as a matter of fact, the people themselves were being led by the nose.

The Jew readily adjusted himself to this form of anti-Semitism and found its continuance more profitable to him than its abolition would be.