I don't particularly care as long as persecutions and subsequent bans are not going to be made in public.

...the whole process of publicly electing new global moderators doesn't make much sense, and to me, looks more like farce and mockery

Disclaimer
This is not an official election. The winner is not guaranteed to be promoted to Global Moderator, however he/she will be suggested to theymos to be promoted. This is only to determine who the community wants as a Global Moderator. Theymos may choose to promote the winner of this election, he also may not. He may choose to promote no one, he may choose to promote someone else.