Since the early 1990s there has been an impressive increase in imprisonment in most Latin American countries, albeit with an important level of variation. For example, in the last three decades, Brazil has increased its imprisonment rate fivefold (currently 390/100,000), Argentina fourfold (currently 227/100,000) and Colombia twofold (currently 199/100,000). In most jurisdictions this increasing trend has continued in recent years. This contrasts with the evolution of imprisonment in other regions of the world (such as many European countries), which also experienced significant growth in the past - especially in the 1980s and 1990s, although in some cases in much more contained proportions - but which in the last decade have shown some stability or even significant levels of decrease (Brandariz, 2022). The main explanations of the "punitive turn" generated in studies of punishment and society in the Global North from the 1990s onwards were built on narratives about a macroscopic, epochal change – such as the rise of “late modernity” or “neoliberalism”- that face difficulties in making sense of these more recent penal mutations in some Northern contexts. For sure, these theoretical frameworks are insufficient for understanding the growth of incarceration in Latin America and its persistence in recent years. This paper proposes an alternative explanation that, tacking stock from these previous elaborations, seeks - following the proposal put forward by Garland (2013) - to combine "deep" and "proximate" conditions and dynamics, based on a comparative analysis of the Latin American cases that have been explored in more detail so far.