This song is about life in any large city, especially Los Angeles. Most of the people are scraping by, led on by the deceivers who continue to use them.
He uses the image of the city as some sort of omnipotent entity who watches the masses. It knows about all the sins of the people, who all simply regard the spectacle of this life like a coliseum, watching in wonder at the "modern horror." And as the masses simply die off, they are not "crystal believers," so they don't see it as the fate of the masses, just how life is.
This song is about life in any large city, especially Los Angeles. Most of the people are scraping by, led on by the deceivers who continue to use them. He uses the image of the city as some sort of omnipotent entity who watches the masses. It knows about all the sins of the people, who all simply regard the spectacle of this life like a coliseum, watching in wonder at the "modern horror." And as the masses simply die off, they are not "crystal believers," so they don't see it as the fate of the masses, just how life is.