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  And in real life people such as you describe will adjust to the change in circumstances, helped by the decrease in utility payments (something not covered by state benefits). People being in negative equity, people struggling to meet their food bills every week or wondering if they will ever afford a holiday are also very real. Not all real people like to gamble on stocks and shares, and that is precisely what it is (no matter how you dress it up). Buying shares is placing a bet that the companies will make large profits, and if they do you win in increased share prices and bonus payouts etc. Suppose those shares had been in betamax or Sinclair, might have looked good for a while but where are they now. Shares in public utilities is more like holding the jockey to ransom, you will win or all these people will lose their share bonuses. The only difference is that those holding to emotional ransom are the same ones having to pay out the cost in decreased service and higher prices.
  On wider implications, France has a national rail network and investors are not staying away. Most of Europe runs along quite nicely with a large majority living in rented housing rather than rushing into the home owning market. Playing figures with shares etc is the real falsehood. Real people need real things and the countries winning out on getting in foreign currency (keeping a healthier balance of payments) are those producing real things, food and goods that people need.

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