The Real Singapore Model
The system that Lee Kuan Yew crafted during his 31 years as Prime Minister of Singapore is often mischaracterized as a one-party dictatorship superimposed on a free-market economy. But Lee's true genius was in using democratic institutions and the rule of law to curb the predatory appetite of his country's ruling elite.
CLAREMONT, CALIFORNIA – The death of Lee Kuan Yew, Singapore’s founding father, offers an occasion to reflect on his legacy – and, perhaps more importantly, on whether that legacy has been correctly understood.