I would like to test the effects of wiping out Greece’s debt, raising wages and beginning a massive programme of social housebuilding If I could rub an empty lager can, and get a genie to appear and grant me one wish for 2015, it would be for something apparently banal but revolutionary: an accurate simulation of the economy.It would be multilayered: it would model the microeconomics of my home area, allowing me to test the lurid worries of my neighbours about the opening of a second tattoo shop. It would model the real Britain – including the sex work, the cybercrime and the drug deals. And at a macro-level it would model the whole world – from the effects of a factory collapsing on its workers in Bangladesh to those of fast fashion on the consumption habits of teenage girls here. Continue reading...
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