
- The resurgence of class analysis post the 2007-2008 Global Financial Crisis highlights the need to reassess class theories, which predominantly originate from Western, developed nations. These theories require critical evaluation and adaptation to effectively address class inequalities in developing countries like Malaysia. - This paper examines three prominent class theories: those of Marx, Weber, and Bourdieu, focusing on their shared elements such as the construction of class around economic capital within a national context, the interplay between objective and subjective class domains, and the marginal role of social mobility and shifting class positions. - Global capitalism's evolving nature indicates that capital and class transcend national boundaries, necessitating an understanding of class as intertwined with mobile, cross-border capital. This is particularly relevant for Malaysia's small, open economy, which relies heavily on foreign capital and exhibits significant foreign corporate equity ownership, while also embracing global culture as a marker of elite cultural distinction. Understanding class inequalities requires examining how capital functions and interacts across various economic scales to shape class structures. - In many developing nations, postcolonial national repertoires are driven by efforts to foster national unity, addressing the fragmented social groupings left by colonialism. The state constructs national identities, often sidelining other identities like class, race, and gender in the social hierarchy. Malaysia's case illustrates that the objective and subjective class domains are complex and less convincing without considering the competing racial and national narratives shaped by its colonial past. - Greater emphasis should be placed on social mobility within dominant class theories. Malaysia's example shows that class positions and orientations are influenced by the types of social mobility and their interactions, suggesting more intricate ways for social mobility to impact class formation and expression. This mobility has also led to the growth of the middle class, a concept that requires further exploration to better comprehend class inequalities in Malaysia and the broader developing world.