Idea of grand coalition works well elsewhere
Much of the talk in the past 24 hours has been about the inconclusive mess that the election has thrown up. There is no clear winner and any number of obvious losers. Commentators have suggested that political compromises and coalitions will lead to economic instability.
I want to refute the notion that there is something inherently economically unstable about inconclusive election results. In fact, the opposite is the case.
The more political compromises, deals and negotiations a political party has to make, either with real enemies or imagined ones, the more solid it becomes and the less brittle the entire political system is.