The Five of Swords opens the Aquarius decans in the air suit's zodiacal sequence, Venus ruling the first ten degrees before Mercury takes the Six of Swords at Aquarius's second decan and the Moon the Seven at its third; Venus governing a card of open hostility is one of Book T's more counterintuitive pairings, since the planet elsewhere in the small cards signals harmony rather than its collapse, and the Golden Dawn's own materials justify the placement through the fixed Chaldean sequence rather than through any thematic reading of Venus as combative.
Pamela Colman Smith's scene, a smirking figure gathering up swords in the foreground while two others walk away in visible defeat under a ragged, windswept sky, has no equivalent in the Tarot de Marseille's Cinq d'Epees, five blades in a plain lattice offering a cartomancer nothing beyond number and suit; the moral ambiguity that makes this card distinctive, whether the smirking figure has won fairly or has simply outlasted the other two, is entirely Smith's own compositional invention.
The Golden Dawn title and the Thoth deck's title agree exactly on this card, both simply Defeat, a rare instance of Waite and Crowley's material converging without the usual softening or hardening one applies to the other; Harris renders the card as a broken, disordered geometric arrangement of five swords, keeping the sense of a victory that has cost something without depicting any figure at all.