The article analyses the two pink tides in Latin America in relation to contemporary global prospects. First, it recalls the main characteristics of the first tide, mainly linked to Venezuela, Brazil and Bolivia. Second, it explains the limits of the first tide. Third, it focuses on the main characteristics of the second tide, which are analysed in detail later in the article. Fourth, it analyses the reasons behind the recent changes in Colombia. Fifth, it describes the economic transformation system in Cuba. Sixth, it addresses how Brazil is joining the new tide, seventh, particularly concerning Bolsonaro’s legacy and Lula’s return. Eighth, it shows the revitalization of Lula’s social policy, and ninth, the Latin American and global impacts of the recent elections in Latin America. In conclusion, tenth, it formulates future scenarios for the possible development of the second tide in Latin America.