I don’t think people really understand at all. Life is full of compromises.
You can only live with the person you live with (or, not exactly live with, in my case) by means of compromise. Friendships are full of compromise. Families are full of compromises. Working is full of compromises. Politics is full of compromises.
And so, the Tories and the LibDems have made an agreement which, given the fact that they differ in many areas, is full of compromises – compromises by both of them. Of course, it won’t make Tory supporters happy and it won’t make LibDem supporters happy. Labour supporters will also be unhappy. Everyone will be unhappy.
However, given that even the change proposed (but only after a referendum) to the voting system won’t give true PR, there will still be, more or less, a first-past-the-post system and that will favour the two big parties.
As a result of everyone being unhappy, it seems likely that the LibDems will be hammered at the next election, which is a shame. And, so, Britain will remain a two-party nation. Far right and slightly right (unless Labour go back to their old ways). The banks will remain ever-powerful, the system will stagger onwards, creaking and groaning and, occasionally, splitting at the seams until, eventually, there is nothing else but for it to completely break down.
Not that a LibDem government would have really made a huge change since a huge change is too frightening to contemplate.
And, don’t for a moment think that there’ll be any rush to roll back many of the things that Labour put in place. Don’t think that you’ll be getting back your freedoms. The new government will be ‘taking it’s time’ and will, no doubt, leave most things in place – especially those things that give it more control over the population. After all, that’s the real power.