"Profit and Pleasure" is a groundbreaking attempt to understand the relationship between capitalism and sexual identity. Rosemary Hennessy boldly reorients queer theory away from its preoccupation with psychoanalysis, language, and performance, instead insisting upon close analysis of the structures of late capitalism, labor, and commodification. She argues that sexual identity has always been linked to gender, race, and nationality, but these identities themselves arise from capitalism. As globalization transforms capitalism, it also transforms sexual identity, opening up both new forms of commodification and new opportunities for agency. On the one hand, middle-class gays and lesbians are enjoying unprecedented visibility, but on the other, society still relies on the gendered division of labor that renders certain subjects unequal. Drawing on an international range of examples, from Che Guevarra to "The Crying Game," "Profit and Pleasure" leads the discussion of sexuality to a consideration of material reality and the substance of men and women's everyday lives.