What you have is correct, though you will not call it global, it is a class attribute and can be accessed via class e.g Shape.lolwut or via an instance e.g. shape.lolwut but be careful while setting it as it will set an instance level attribute not class attribute
class Shape(object):
lolwut = 1
shape = Shape()
print Shape.lolwut, # 1
print shape.lolwut, # 1
# setting shape.lolwut would not change class attribute lolwut
# but will create it in the instance
shape.lolwut = 2
print Shape.lolwut, # 1
print shape.lolwut, # 2
# to change class attribute access it via class
Shape.lolwut = 3
print Shape.lolwut, # 3
print shape.lolwut # 2
output:
1 1 1 2 3 2
Somebody may expect output to be 1 1 2 2 3 3 but it would be incorrect