The left will have its chance in Europe
So, in France Hollande has won, and in Greece, left wing parties have more of the vote than the center or the right (we’ll see if they can form a government, however.) They will now have their chance. If they fail, however, the right will sweep back in, and it will be the harder right, the neo-nazi, fascist right. If the left, or what passes for the left cannot do the job and turn things around, the right will offer its “solution”.
The elites, if they make it impossible for the left to do their work (or if the left just fails, quite possible), will, in many cases, be signing their own death warrant. If the neo-nazis in Greece or France take charge, be sure that they will liquidate much of the old order, the old elites. Since those elites are, in fact, corrupt and treasonous (selling out the interests of their own countries), they will be able to do so to cheers and by simply enforcing the law.
The right’s solution won’t work, of course, but it can be made to look like it works for a few years at least. And that it won’t work, won’t mean anything to dead oligarchs.
The elites aren’t going to keep getting financial oligarchy, where they force the government to borrow money from them, pay it back with interest and sell off the crown jewels at fire-sale prices. That game is NOT going to continue for much longer, in the grand scheme of things (at least not in Europe, the US is a different matter).
If they want to save their own necks, and yes, it will come to that, they’d best cut a deal now. The longer they wait, the worse the deal is going to get for them.
Of course, some part of the elites will make a deal, and will survive. But some won’t.
As for the left, remember that the rich are, as a class, your enemies. Treat them as such, or they will make sure you fail.