In Hoihow, the provincial capital, I stayed in the French Catholic Mission. Shortly after my arrival, the French Bishop Dominique Desperben led me to the flat roof of the mission. We looked over Hoihow, a dirty sprawling city of 250,000 people, many of them living in old two-story buildings made of mud and white plaster, across the narrow Hainan Strait to the Liuchow Peninsula on the mainland.

The Queen Mary stood by while a speedboat moved ahead of a breezing school of tuna to deploy the sound projector and a sonobuoy (Figure 6).

And what I ſaid in time of our buſines I repent not, And if it were to ſpeake againe, Euerie word ſhould be a whole ſermon, So much I repent me.

This flaw exists because the financial system necessary for capitalist vitality and vigor — which translates entrepreneurial animal spirits into effective demand for investment — contains the potential for runaway expansion, powered by an investment boom.