The death of Singapore's founding father marks a milestone in the island-nation's 50-year history and raises questions about what the next decade will bring for the country's political system.
Lee Kuan Yew (LKY) was considered one of Asia's greatest statesmen for turning a fishing village into a first-world economy, but his political ideology made him a controversial figure at home and abroad. His vision centered on a one-party political system, manifested by the People's Action Party (PAP) that he co-founded, which combined elements of capitalism and a state-directed economy.
Strict controls over freedom of speech and censorship are among his more contentious policies, but Mr. Lee's passing should now allow for a more open debate on those issues, Michael Schuman, TIME Magazine's business correspondent for Asia, told CNBC on Monday.
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"You can make the argument that though LKY had tremendous success, it may be time for a change. He made the case for having a soft authoritarian government…Now, times have changed and I think Singapore will revisit his ideas and say: this worked in the past, but do we need something else going forward in the future. Do we need to have more political and social change? Those are the big questions going forward."