https://en.m.wikipedia.org/wiki/Bubble_Act
https://en.m.wikipedia.org/wiki/South_Sea_Company
It seems to be some reference to this, although I can’t find anything about sacks and snakes. As stated by u/stovetop only the rich were in parliament, so if this did happen it was just one group of rich greedy people turning on another group of rich greedy people. Nothing to get excited about.
What’s your alternative to democracy after this “peaceful revolution”? Who’s in charge? You?
Is this revolution anarchist, communist, fascist, or something else?
And what kind of democracy are you talking about? There are many varieties, with some being far better than others.