This is my interpretation.

Zionism is an aberration, a Jewish pathology–like the false messiahs of the 17th century, and a successor to those movements, which swept, not only through Jewish communities, but across Europe, involving Jews and Christians alike. Zionism is a POLITICAL false messianic movement: Theodor Herzl is to Zionism, what Sabbatai Zvi was the 16th Century movements.
Being a chosen people did not mean that Jews were the only chosen people–until Zionsim. Jews were chosen– to follow the laws of Torah–other peoples had their laws. The Zionist corrupted, and transformed this–politics, politics being to the 20th and 21st Century, what mystical messianism was to the 17th Century.