the song is about people in general, about war and violence. "The promised land" Refers to The story of Moses (you know it? I'm not religious, but I still do) where he brought the "good people" to the promised land, where there was no war or violence. But only those who weren't fighting or causing such wars were brought there.
It's saying that there is no need for violence and war, as all it does is create "a hole in the world" (the world dieing, not physically, however)
and a "cloud of fear and sorrow" (the trauma the innocent experience)
It's saying that there is no need for violence and war, as all it does is create "a hole in the world" (the world dieing, not physically, however)
and a "cloud of fear and sorrow" (the trauma the innocent experience)