In 2010, the Endnotes collective tried (and failed, badly) to assess the implications of the 2008 financial collapse for the long run viability of capitalism. Would the massive devalorization of capital, experienced by society in that crisis, give way to a new golden age of wage employment similar to the one we experienced following World War 2 — roughly between 1945-1971?
The question remains important because the communization tendency (of which Endnotes is said to be a part) argues that it is no longer possible to imagine a transition to communism on the basis of a prior victory of the working class as working class. The proletarians cannot seize political power and wield it for their emancipation; rather, they must immediately put an end to themselves as a class.
The Endnotes’ argument for this proposition is murky, perhaps deliberately stated in an ambiguous fashion. I will spend some time trying to understand why.