The author separates three different waves of guerilla movements in Latin America. The first one was launched by the example of Che Guevara and was defeated as a result of sufficient popular support in the 1960s and 1970s. The second wave was oriented towards national liberation but losed momentum after the defeat of the Sandinistas and the peace treaties in Guatemala and El Salvador. Recently in Mexico a third wave has emrged the movement of the victims of neoliberalism.