This paper examines the return to an anticapitalist approach within lesbian/gay and queer antihomophobic activist struggles. Arguing that notions of queer identity are governed by a triumvirate of approaches which take into account economic structuration variously, I make a case for a stronger link between marxian and queer theory approaches by discussing the ways in which queer performative identities are constituted within a matrix of coherence that is implicated in late capitalist culture.