AbstractIndigenous Peoples are gaining renewed attention within both policy and academia, as examples of “resilience” and of non‐humanist, non‐modern ways of relating to nature, which might, it is hoped, provide tools to withstand the socio‐ecological crises associated with “the Anthropocene”. This paper argues that such representations obscure both their own colonial foundations and the ongoing forms of racialised dispossession and ecocide faced by Indigenous Peoples today. Instead, we conceptualise indigeneity and nature as deeply entangled categories that are co‐produced with capitalist modernity. Engaging anti‐colonial and Marxist scholarship, and drawing on our long‐term research with Indigenous movements in Bolivia and Colombia, we highlight how discursive and material assemblages of indigeneity and nature are dialectically linked to capitalist processes of dispossession and subaltern efforts to contest these. We further highlight how romanticised accounts of non‐modern nature‐cultures are unsettled by the violent world‐making of colonial capitalism and the unequal burdens placed on Indigenous territories and bodies. We use an ethnographic vignette from the Bolivian Chaco to illustrate the messy everyday ways in which real Indigenous people navigate, contest, endure, and make do amidst the contradictory processes of racialisation, dispossession, and conditional recognition that characterise their positioning within colonial capitalism. In doing so, we show how thinking from the sacrifice zones of extractive capitalism unsettles contemporary debates on decolonising nature in the Anthropocene.