I am surprised to read that some people think this is one of MJ's weaker demos. Personally I think it is one of his best. I love the calm melancholy of it, both musically and vocally. There's no need to be dramatic about it, he (the character singing the song) knows and has accepted that he is a loser. It reminds me of Much Too Soon and to a lesser degree That's What You Get For Being Polite in that sense.
Musically I love the transition into the verses. When MJ starts singing "if losing you makes me happy..." and those strings swell it sounds like his thoughts are drifting off for a second, asking questions: how did this happen, why did it happen? But then, as the new verse starts and we are left with just those simple rhodes chords and MJ's voice (and in the later verses one piercing note on the strings), it sounds like the harsh realization sets in again: he is "born to lose." I just love that transition. Simple but wonderful.
The Damien Shields article is really interesting. Great to read about the origins of the song. I can see why MJ wanted to change "I am a loser" to "I was the loser" but I like the former more. It is more powerful to hear the character share his pain in the moment, rather than reflecting on something that happened in the past.
Overall, a very promising demo imo. The work with Buxer and Prince we have heard thus far all sounds very solid and distinctive. Can't wait to hear more.