Showing posts with label Cobra Effect. Show all posts
Showing posts with label Cobra Effect. Show all posts

Monday, July 22, 2013

Najib's Perverse Incentive

Hantu Laut

Two more days to Kuala Besut by-election. What are the chances of PAS winning this one?

It is almost certain that BN will win this by-election, but like in all election there are elements of surprise and a PAS win will be Najib's big loss. A loss that may eventually lead to his removal.

At the moment he has no rival that can match him for the UMNO presidency, but things can change very quickly as there are barbarians at the gate waiting for the gate to open.

Najib is already the weakest prime minister after failing to improve on BN worst performance in 2008 that eventually brought down his predecessor Abdulah Ahmad Badawi. He fared worse than Badawi in total number of seat for BN, but improved on the Malays votes, which will be the bulwark of Malay political power.

BN can only stay in power if it can preserve the rural Malays, Sabah and Sarawak natives votes. The 13th GE has shown that BN can go without Chinese votes. However, getting two-thirds will be a long distance call.

One can't blame Najib for not trying. He tried his best to woo the Chinese with his offering of magnanimity, but was completely forsaken by the Chinese community. 

The Chinese can live in a state of denial that it was not a Chinese tsunami, in reality it was, with a little help from the urban Malays, who rightly or wrongly think they do not need the stale and outdated UMNO anymore. 

To the urban Malays UMNO has failed and corruptions had become so entrenched it is almost impossible to change the mindset of the leaders. UMNO will only change after they have tasted defeat.

The Chinese are completely disillusioned with the Chinese parties in BN considered as lapdogs of UMNO and saw in DAP the rise of Chinese political power. Almost 8 out of every 10 Chinese voters voted for DAP. Without the massive support DAP would not have been able to to garner 38 parliamentary seats and was leader of the pack.

PAS lamented that Najib is again pumping too much taxpayers money into the by-election, which they reckoned has reached RM377 million. A princely sum for such a small district.

Will the money and promises of developmental projects ensure a BN win?

Najib did the same at the 13th GE offering donations to Chinese schools and other give aways to the community. He used billion of ringgits for his BRIM payout. 

As Mahathir says there was no effect on the people of his benevolence because the rakyat knew it was not his money, it's the rakyat's money.

I agree with Mahathir, it's perverse incentive or a cobra effect. Read what cobra effect here.