In rejecting both arguments of the ‘death of class’, and the increasingly minimalist positions of class traditionalists, a newer generation of class theorists have transformed the scope and analytical framework of class analysis: inflating ‘class’ to include social and cultural formations, reconfiguring the causal model that has underpinned class analysis, and abandoning the notion of distinct class identities or groups, focusing instead on individualized hierarchical differentiation. There are problems with transforming ‘class’ in this fashion, although the difficulty lies not in the departures from traditional class theory, but rather in what is retained. The uneasy relationship between older and newer aspects of ‘class’ within renewed class theory means the wider implications of inequality considered as individualized hierarchy (rather than as ‘class’) have not been fully explored.The debate on class identities (an important example of this new form of class analysis) illustrates these difficulties, and shows that issues of hierarchy extend well beyond issues of ‘class’.