WORLDVIEW: Beware what you wish for. Pax Americana replacement will be much tougher

Got a mail from an old pal about yesterday's piece on Purplebricks. Neville Berkowitz, SA's foremost property economist turned successful developer, tells me he started an SA equivalent two years ago. And just like the disruptive Purplebricks, this new business is a roaring success.

Called Homebid, it charges 1.95% commission and does everything traditional agents do except the homebuyer is shown around by the property's owner  – "as they would a guest in their home," Neville says. The HomeBid agent handles the price negotiations and sale agreement; and an attorney does the conveyancing. Which goes to show; in entrepreneurship, SA is rarely behind any curves.

After yesterday's UK focus, we move across to geopolitics and to our US team member for today's Worldview. Felicity Duncan takes a critical look at in-depth research predicting the end of Pax Americana, and what differences the world can expect when the baton moves across to China, the global leader-in-waiting.

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