The following article is a panoramic presentation of what might be considered as the defining problematic of Latin American Marxism. However, far from claiming a substantive notion of Latin American Marxism, we attempt to show how the kind of questions elaborated within this horizon are relevant not only for the critique what has been erroneously conceived of as peripherical capitalism, but for the history and critique of capitalism as such, understood as a historically evolving and universalizing mode of production. To do so, we proposed Latin American Marxism as a critique of the philosophy of history of capital, a critique that is waiting for a new formulation in dialogue with the elaborations of the recent years, despites the “silencing’ of Marxism in general by the hegemony of more culturalist and liberal-oriented intellectual endeavors. However, if Latin American Marxism is a critique of the philosophy of history of capital, we should be careful when dealing with the main figures and contributions of this “tradition” in order to avoid an unnecessary process of monumentalization that replaces the material archive of problems with the symbolic and de-historicized representation of Latin American Marxism as a self-contained and exhausted moment of critical thought. The time for Latin American Marxism, in this regard, is still a time to come.