Everyone is obsessed with money and that is why all other virtues of an individual are overlooked if he is unfortunate enough not to possess wealth. The only question asked is how much an individual is worth. The expected answer is in terms of material possessions. Even if a person possesses the knowledge and various other talents, none of that would get reckoned with. That is why the speaker says that money has got us down to the position of slaves because we are all slaves of money or slaves of people with money. It has made us forget our self-worth and selfdignity.