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.

During his 31 years as prime minister, Lee crafted a unique system of government, intricately balancing authoritarianism with democracy and state capitalism with the free market. Known as "the Singapore model," Lee's brand of governance is often mischaracterized as a one-party dictatorship superimposed on a free-market economy. His success in transforming Singapore into a prosperous city-state is frequently invoked by authoritarian rulers as justification for their tight control of society — and nowhere more so than in China.

Indeed, Chinese President Xi Jinping is pursuing a transformative agenda heavily influenced by the Singapore model — a relentless war on corruption, a broad crackdown on dissent, and pro-market economic reforms. The Chinese Communist Party (CCP) sees in Singapore a vision of its future: the perpetuation of its monopoly on political power in a prosperous capitalist society.