Worst case Greece dumps Syriza and goes Golden Dawn, even more damning optics for the Troika.

Hard time hiding the horns under a wig after that.

Mythology vs Democracy: The Greek Crisis

After years of the wrong people succeeding, Greece longs for the right people, even if they fail. For the first time, the working class voted in its own self-interest, unconvinced by the vague promise of social mobility and trickle-down. For the first time, a popular government stood up to big interests and said, "We don't see it like that. The EU you want is not the EU we want."

What is happening there matters to all. First, it forces out into the open and brings into sharp contrast the increasing divergence between the wellbeing of markets and the wellbeing of populations. Second, it marks a clear act of economic blackmail by a global de facto establishment - let's call it "The Davos Set" - unhappy at a democratic people opting for an alternative to neoliberalism.

How these tensions resolve themselves will determine whether national elections remain meaningful in any way; whether democratic change is possible or violent revolution is in fact the only effective option.

And there, I think, is the wider lesson from the Greek election. Globalised capitalism and democracy are often uncomfortable bedfellows. We must not assume that one needs - or magically brings about - the other. China is proof that they operate independently. Democracy is often messy. Markets like certainty. It is vital to recognise the existence of this tension.