The Latin American Liberation Theology underscored the option for the poor in the direction of the great social change. However, in that urge for liberating action it neglected the attention to the subjectivity of the subjects. This produced tensions that can explain what some people call “the failure of an utopia”. The possibility to acknowledge those subjectivities in all their complexity and to take them into account in theological work would open a new stage of a theology that hopes to be viable in this century.