Ninety percent of world trade travels by sea. And forty percent of global cargo passes through the narrow waterway right next to Singapore. If that strait gets blocked or becomes unsafe, the world economy has a serious problem. This chapter explains how Singapore works with the International Maritime Organization to keep things moving.
This chapter is called “White Blackmail” and the title is doing a lot of work. Rand is showing us two kinds of blackmail in quick succession, one emotional and one political, and both rely on the same trick: making a productive person feel guilty for being alive.
September 2011. Washington, DC. The headquarters of the International Monetary Fund. Europe is on the edge of a financial panic. Greece is drowning in debt. The US is heading toward a fiscal cliff. Japan just got hit by an earthquake and tsunami. And the person chairing the room full of the world’s most powerful finance ministers is from Singapore.
The second half of this chapter is basically a bomb going off in slow motion at a wedding. James Taggart’s wedding reception, to be exact. And what a reception it is. Every looter, moocher, and favor-trader in the country has gathered in one ballroom, dressed in formal wear, drinking champagne, congratulating themselves on how well things are going. By the end, they’ll be running for the phones.
A woman from Singapore’s trade union movement walks into a room full of global negotiators, and two years later she helps deliver the first-ever international convention protecting domestic workers. Something that the workers’ side had been trying to get done for over 40 years.
In 2001, a Singaporean judge flew to The Hague to help try war criminals. He was the first international judge Singapore ever sent to a United Nations court. His name was Amarjeet Singh.
Chapter 2 of Part II is called “The Aristocracy of Pull,” and that title is doing a lot of work. This is the chapter where Rand shows you, in vivid detail, what a society looks like when who you know matters more than what you can do. And she does it through a wedding party. Let’s get into the first half.
The second half of this chapter shifts from Dagny’s search for the motor inventor over to Hank Rearden. And honestly, this section hit harder than I expected. Rand is building toward something huge, and she does it by showing how the world is slowly crushing the best people in it.
Singapore is a tiny island. No natural resources. No hinterland. But somehow it built one of the biggest aviation hubs on the planet. Chapter 17 explains how that happened, and how the UN’s aviation agency played a big role in it.
We made it to Part II. The title of this section is “Either-Or” and that’s already telling you something. Part I was called “Non-Contradiction.” The philosophical logic of Rand’s structure is simple: first she showed you the contradictions piling up, now she’s going to force the characters to pick a side. No more pretending both halves of a contradiction can be true at the same time.