Of all Shakespeare’s ghosts, perhaps the most terrifying is the “horrible shadow” of the murdered Banquo, invisible to all but the tyrant who arranged his killing, a bloodstained reproach, a dreadful warning — the incarnation of a guilt which, like the victim himself, will not fade away. Its appearance is the astoundingly choreographed centerpiece of a remarkable new Macbeth that transferred from the U.K. to New York earlier this year (it has now moved from the Brooklyn Academy of Music to Broadway’s Lyceum Theater). This Macbeth, (directed by Rupert Goold and with Patrick Stewart in the starring role) is an enthralling, hectic, cacophonous triumph, a vivid portrait of a collapsing natural, moral, and political order that manages both to honor Shakespeare’s hideous hurlyburly of power, psychosis, and evil while overlaying it with allusions to a fouler tyrant from a later even more terrible time. And, no, this is not yet another crass “modernization” of a play that needs none: our understanding of both Macbeth and the despot to come is refreshed, deepened, and jolted.

A first-rate cast does all that it can to assist. So, for example, the austerely attractive Kate Fleetwood is unbearably, irresistibly watchable as an unnerving and ultimately unnerved Lady Macbeth, the fourth of the four women who lure, in one way or another, the Thane of Cawdor to his doom; while Christopher Patrick Nolan as Seyton, a leering thug with a stink of sulfur about him (the sound of his name is all too fitting) becomes the embodiment of how low Macbeth will sink in order to hang on to his ill-gotten crown. That’s never lower than when Macbeth orders the murder of his rival Macduff’s family, a slaughter that reduces Macduff to a level of misery that would be unthinkable if Michael Feast didn’t make it so real:

All my pretty ones? Did you say all? O hell-kite! All? What! All my pretty chickens and their dam

At one fell swoop?

Above all, this is a drama that revolves around an extraordinary performance by Stewart, a light year or two away from the Starship Enterprise, but still very much in command. From the moment that we first see him, he dominates the stage, sometimes obviously, as a military man reveling in victory, sometimes subtly as he steels himself for regicide or, finally, despairingly, as he yields to defeat.

The most distinctive thing about this Macbeth may be the way that it is haunted not by one ghost, but two. We never see the second. It is glimpsed only in hint, in gesture, in the laughter that accompanies a savage joke, in flickering newsreel of past parades and, mostly, in our own memories of the cruelties of all our day-before-yesterdays, cruelties which Shakespeare never lived long enough to see — except, perhaps, in his imagination — but which we will not, should not, live long enough to forget.

The first traces of this malign presence can be detected in the appearance of the soldiers in the opening scenes: leather coats, leather boots, flat caps, uniforms more usually associated with Kursk than Cawdor, with cattle trucks rather than cavalry. It’s evoked again by the basement, moral and physical, within which the action unfolds, a miserable space that does duty as hospital, kitchen, torture chamber, bar, palace, banqueting hall and (underlining the way that this play never escapes the lower depths — even when the drama supposedly moves outside) the moors, forests, and battlefields of Macbeth’s much contested kingdom. Huis Clos. No exit. This bunker, this arena is a bleak, clinical, claustrophobic place, its white-tiled walls efficient in a cheerless mid-century way, easy to swab down after who knows what. It’s best reached by an old-fashioned concertina-gated elevator, a mechanized entrance to some sort of hell, to the Lubyanka of our nightmares.

But it’s when we arrive at the play’s core, with Macbeth ascendant and regnant, the former king dead, and the search for traitors well underway, that this second ghost, that of Joseph Stalin, comes closest into view. Beyond a moustache, Stewart never really attempts impersonation; The rest is just suggestion, the sometimes uncanny resonance of the play’s own lines, and the adroit use that Goold makes of the gaps left between them. Thus we see Macbeth making his plans in the wake of what has clearly been a good day out at the hunt. He is pleasant, cheery, his hat pushed back at the casual angle that Stalin (a man who could pantomime relaxation) sometimes favored when out in the field. He is holding a shotgun, and as he talks, he jovially swings the weapon out towards the audience, pointing here, pointing there, randomly, precisely, playfully, maliciously, aiming at you, at me, at Banquo, at Duncan, at Bukharin, at Trotsky, at tens, at thousands, at millions.

And when Macbeth orders Banquo killed he does so in a light, conversational tone, apparently as preoccupied with the making of a sandwich as the planning of an assassination. As for Stalin, well, he could sign death lists condemning thousands and then take in a movie, something light, a comedy perhaps, to round off an undemanding day. When Banquo is eventually butchered, he is murdered in plain sight, cut down in a crowded railroad car. His executioners know that in Macbeth’s police state no-one will dare intervene. They don’t. As Khrushchev once asked in a not so different context, would you?