It is not a bad thing for WP to lose Hougang:
1) Opposition movement as a whole will have less problems with 3 corner fights as WP will mellow down and not boss around.
any econ major would have heard of Coase theorem but not GMS
Coase theorem states that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property rights.
this mean if i get in your way, there are 2 way to solve this, either i compensate you or you can get the help out of my way..... it doesnt matter whoever is at there 1st
this show how clearly that GMS and the rest of the hare brain socialist Opp do not know even basic econs...
if you are afraid non WP party may lose you can tell them not to contest in the 1st place... not contesting mean you cant lose...
more choices is always good for the consumers...
instead of ranting against the monopolist who have 95% market share, instead you are ranting at the only compeititon the monopolist have to face who only has 5% market share ...
and yet you are claiming you know you are a economist who know the danger of monopoly... you are so stupid man...
there is a reason why some party has zero market share that is because they do not supply anything the market want... stop trying to dictate what the consumers want...
and you still dare to stand on the slogan of you have a choice in 2006 ... when people dun want your choice ... you wan to derive them of their choice so they LLST have to to pick what you want...
you are a worst autocrat than LKY