Chapter 4 comes as a critique of what I call, as a tribute to Philip Roth’s novel, “theory’s Operation Shylock,” i.e., recent celebrations of Diasporic Jewry, irrational demonization of Zionism and of the Jewish state, and, more seriously, ungrounded condemnation of a contemporary Jewry supposedly turned reactionary due to its support for the U.S. and Israel. Influenced by postcolonial studies and deconstruction, oblivious of the new modalities of antisemitism, theorists actively delegitimize Zionism as a mere product of the European colonial mindset and as a perversion of the Jewish spirit. I suggest that in recent publications, historian Enzo Traverso and philosopher Judith Butler resort to distortion of history and to a betrayal of the most basic principles of hermeneutics to justify their belief in the political and intellectual superiority of Diasporic Judaism (hypostatized as ethical) over Zionism (construed as particularist, imperialistic, and racist).