This paper attempts to prove the thoughts of Nagajuna do manifest some key features of Material Dialectics. If it holds that, "things are always in the process of development and change, yet they do so within the traces of consistency, the essence of things is `identity,' which also contends `difference'." It is clear that in the thoughts of Nagajuna, this perspective of things is common, which reflects a dialectical mode of thinking. As Nagajuna said, "Whatever that arises depending upon whatever, that is not identical nor different from it. Therefore, it is neither annihilated nor eternal." There are always two sides of every single phenomenon: "relative difference" and "similar continuity." This perception of the two corresponding aspects of things in the world is the key for us to understand the Nagajuna's thought. Also, Nagajuna's argument can serve as a good device as does Material Dialectics ,today to bring down the construction of Western metaphysics - the "either-or" mode of thinking.