This article, inspired by Bolívar Echeverría, analyzes Latin American capitalist reality as an “inevitable historical fact” resulting from the cultural contact initiated in the Spanish Colony. We hold the thesis that the culturally ambiguous condition of the Hispanic-American colonial mestizo materialized in a “will of form” applied to everyday life, which although it seems to reproduce the instrumental purposes of Central European Modernity, contributes to its overcoming by establishing the other Modernity, where the self is integrated into us. For this purpose, we will approach the mestizo caste from four sequential historical approaches: the initial cultural ambiguity of the colonial mestizo, the identity recomposition of the mestizo population, the other Modernity and the aesthetic regimes of daily life.