As appealing as pop�u�lar own�ership is as a rhetorical demand, then,
nationalization, in itself, does not begin to address the real distributive
question: How can what is claimed to be commonly owned wealth be actually
shared in common—Â�in fact and not just as an ideological proclamation?
How is the formidable stream of value produced by such “national
wealth” in fact to be distributed—Â�to whom and by what mechanisms? And
where can the powerful distributive demands channeled by a figure like
Malema lead, if not to the Angola-�style dead end of state capitalism and
elite enrichment? To answer these questions, we must consider in greater
depth another, apparently quite different, sort of distributive politics.