"what the voters think does not count" says Geoff.
Wittingly or otherwise, Geoff has explained the game. When the public feels that they are of no value to the bond dealers and the power brokers, they tend to turn very nasty indeed. Even if I accept your argument (which I don't) why should all the pain be on the poor?
Should I take John seriously? He says that Europe is run by pseudo communists. Communists in thrall to the bond markets; that's a new kind of communist altogether. But it's nonsense anyway, the German Chancellor Angela Merkel grew up under communism and was none too impressed.