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In interviews, Taiwanese pointed to universal healthcare, an open and friendly society, freedom of expression and convenience in daily life as other potential contributors to local happiness.

Erik Vynckier, a non-executive director of British insurer Foresters Friendly Society, said outsourcing made sense for firms with less than 500 million euros under management.

But even as he spoke I remembered those advertisements seen often in good class magazines where a friendly society demands succour for young women in reduced circumstances; I thought of the type of boarding-house that answers the advertisement and gives temporary shelter, and then I saw myself, useless sketchbook in hand, without qualifications of any kind, stammering replies to stern employment agents.

“I am convinced that in order to fight terrorism and to win, we have to build a more friendly society, and on a lot of levels we have to be inclusive,” he said.

GFS: The Girls Friendly Society and the Global Financial System: You don’t want to crash the second one.