In the upcoming presidential and parliamentary elections, three distinct projects are in competition: (i) a neoliberal authoritarianism reminiscent of leaders like Giorgia Meloni, Jair Bolsonaro, Donald Trump, and Javier Milei; (ii) an attempt at a 'grand coalition' similar to that in Germany or France, with dominance by traditional right-wing parties allied with neoliberal social democrats; and (iii) a social democratic popular front aimed at containing neoliberal authoritarianism.