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This article explores how the MoVimento 5 Stelle (M5S) in Italy and Podemos in Spain thematise the role of the State. We draw from a qualitative analysis of speeches of party leaders and party manifestoes in recent national elections. We argue that Podemos and the M5S coincide in reasserting the principle of popular sovereignty to overcome the present “post-democratic” condition and the distance between citizens and the State. However, they differ in their understanding of the State’s intervention on the economy and society. Podemos proposes a new interventionist state reminiscent of post-war social democracy. M5S has a more liberal view, conceiving of the State as a neutral arbiter of the free market. Furthermore, the two parties have different conceptions of the relationship between the State and the Nation. While adopting a patriotic discourse, Podemos has catered for demands of local autonomy, framing Spain as a “nation of nations” and has been adamant in defending migrants and refugees. The M5S has instead proposed a more nationalist discourse, as seen in tirades by party leaders against migrants and refugees. These divergences reflect the different positioning of these formations along the Left/Right axis and how this results in a more inclusive/exclusive view of the State.