Few defeated political parties in wartime have the opportunity to make a fresh start in a new location. Even fewer can leave their failures behind and go on to succeed. The Chinese Nationalist Party (Kuomintang, KMT) was such an exception. In late 1949, having been almost destroyed by the Chinese Communists, the KMT relocated to Taiwan and reinvented itself. Not only did the KMT leadership build a new party that has endured for five decades, but it built a new polity on Taiwan that created economic prosperity and China’s first democracy.