Abstract 

　　In the context of a rapidly globalizing and tightly integrating capitalist economy ushering to a new stage of ‘totalitarian capitalism’, it is argued that the dominant nation-centric approach is theoretically flawed, historically outmoded, and politically ineffective in serving a revolutionary emancipation of the working-class social majority. After a theoretical substantiation of the emerging new stage of capitalism and a brief exploration of the relation between state and revolution, it is stressed that the currently exacerbating crisis of capitalism and the pressing need of social change point to an urgent need for a new transnational strategy pivoted on the capital–labour contradiction, which acquires an increasing significance under present conditions. A first attempt is also made to articulate the basic elements of such a class strategy. 

　　Keywords: transnational capitalism; class; state; revolution; emancipation strategy 

　　From: International Critical Thought 2012 2 (1) 

　　Editor: Wang Yi 

　　https://www.tandfonline.com/doi/full/10.1080/21598282.2012.660036?src=most-cited-all-time