And history repeatedly shows that even if you get a dictator of the first kind, it’s an unstable equilibrium of a system that eventually leads to a dictator of the second kind.
The only reason the PAP is still in power is because Singaporeans don't want to get rid of them.
If the PAP torpedoed the entire economy because of some stupid beliefs of the leader, they would be quickly and quietly removed.
[0]: https://en.wikipedia.org/wiki/2020_Singaporean_general_elect...