It is a statement on the low character of the realm when the realm treasures sand over diamonds.
This reminds me of a line from the 90's regarding priestly formation in this age of political correctness that went something like this: "The priests of this generation are a sun-tanned, blow-dried, Gucci-shoed lot whose greatest moral achievement is being nice." Sometimes "going with the flow" is not the right way.
In 1931 Dawson mentions American decadence thus: "The new machine-made civilization may be destructive of the finer pleasures in life, but under the old conditions these were only accessible to a small number. The ordinary man gets more satisfaction from his cinema and his daily paper than from grand opera or classical literature."
Christopher Dawson, Christianity and the New Age, Manchester, New Hampshire: Sophia Institute Press, 1985, 16-17.