This article places Benjamin’s late work in dialogue with recent attempts in media theory and structuralism to think the subject and historical contingency together. It argues their apparent incompatibility is reflected in Benjamin’s writing in the form of a recurrent contradiction between historical materialism and transhistorical theology. Through a reconstruction of the theorist’s historicization of an earlier theological theory of the fall of language in his Marxian-inflected work of the 1930’s, it claims that Benjamin initiates a historicist reconceptualization of the impasse of the Kantian subject onto being as the product of a particular field of mediation arising with mass modernity. Yet following the rejection of his nascent version of the Arcades Project by Adorno and the Marxist Institute for Social Research in 1938, theology returns as an attempt to reconceive of an aesthetic-formal break with this impasse. Benjamin’s late theorization of his materialist historiography thus represents a dialectical attempt to think materialism and theology, history and being together, with the aim of mediating not only distraction, but a revolutionary destruction of the subject and the historical order producing it.