Robin. It's undemocratic and iniquitous because it gives fifth preferences equal weight to first preferences if we have that many counts. There is no way that someone's fifth preference (or for that matter, their second) should count the same as someone else's first. This is transparently unfair. AV is a partisan fraud being introduced by the LibDems, who don't actually want it – they'd much prefer STV, which is also democratically dubious but at least has a bit more logic to it – but see that it is to their massive electoral advantage. Alas, some on the Labour benches have been taken in by it (the current leader dimly included it in the last manifesto as a sop to the shallow anti-politics howls that were going round in 2010).

And I think in your earlier post, when you said 'wasted votes' you meant 'votes for unsuccessful candidates'. This is an election, not a school sports day where all must have prizes.