It would be trivial to use botnets inside of the EU, so I doubt that blocking ASNs would make any difference. And as I said, it achieves the goal of disrupting access to information, so that would be nevertheless be a win for them. Your proposition does not solve for Wikipedia's agenda of providing free access to information.
> digital and economic suicide
My view is that it's an economic coup which started decades ago (Bush-Halliburton, bank bailouts in 2008, etc.). It's only inflation and economic uncertainty is only for the poor. For the people that do algorithmic stock trading, it's an arbitrage opportunity that occurs in the scale of microseconds.
By the time that the people will be properly motivated to revolt against the government, it will be too late.