As I wrote in a piece yesterday, history points to the larger party, especially the predatory Tory party, swallowing up the minnow on its back. That’s where the bookies odds must point: to the Lib Dems being divided, even wrecked, by the strains of coalition in hard times.
But these are also unusual times in the wider sense. Western states such as Britain, long used to be global top dogs, are having to learn how to earn their keep in an Asia-Pacific world. We are in the grip of history for the first time in my life and anything can happen: even a successful and moderate Con-Lib coalition in which it is the reactionary ideas and people that get thrown overboard.
Read the whole thing.
Adds The BBC has a guide to the cabinet as they are appointed.