In Joseph Conrad's book "Boatswain," the protagonist faces profound struggles that lead to his downfall. Despite being completely devastated and experiencing loss in every aspect of his life, he embodies a deep passion that keeps him from feeling entirely defeated. This passion becomes a source of resilience, allowing him to find meaning even in despair.

The quote highlights the idea that true bankruptcy in life does not occur simply from material loss or failure. Rather, it suggests that passion and the ability to care deeply for something can sustain a person and give them purpose, even when everything else seems to have collapsed. This inner strength and vitality become crucial in navigating the hardships of existence.