Hegemony is one of the most widely diffused concepts in the contemporary social sciences and humanities internationally, interpreted in a variety of ways in different disciplinary and national contexts. However, its contemporary relevance and conceptual coherence has recently been challenged by various theories of 'posthegemony'. This article offers a critical assessment of this theoretical initiative. In the first part of the article, I distinguish between three main versions of posthegemony -'temporal, 'foundational and 'expansive'characterized by different understandings of the temporal and logical implications of hegemony. I then offer a critical assessment of the shared presuppositions of these theories, including their 'pre-Gramscianism', their indebtedness to Laclau and Mouffe's formulation of hegemony, and their characterization of hegemony in terms compatible with modern theories of sovereignty. I conclude by arguing that the contradictions and oversights of the debate on posthegemony encourage us to undertake a reassessment of the real historical complexity of hegemonic politics and its different traditions of conceptualization.