The headline says it all.

While SR Nathan gets my full vote, I was honestly hoping that Election Day on 27 Aug would have materialised. You can say that I'm an economist at heart - I believe in competition, because monopolies often tend to become inefficient, complacent and over-confident.

Take for example the entry of SMU in 2000. The "young upstart" completely changed the landscape that Singapore universities were so used to operating on. Initially scorned, marketing has now become the new buzzwords of academic institutions which are increasingly tending towards the "privately-run" route of organisation. When the consumer (in this case, students and their parents) become more spoilt for choice, the provider suddenly is forced to sit up and start to woo its market on planes previously untouched, in the knowledge that it can no longer sit back, the attraction of customers no longer a given as before.

But of course, I also don't agree that there should be competition for competition's sake. After all, competition is only truly effective when opponents are worthy enough. Competition between rogues and wimps is no competition at all.

And with that, Mr Nathan - I look forward to another 6 good years of leadership.