This paper looks at how the origin and development of the Peruvian right wing as a neoliberal right wing between 1990 and 2020. Initially, under Fujimorism, it was authoritarian only to later become a right wing that ensured the continuity of the model but ushered it towards democracy. However, the transition remains incomplete, because neoliberal continuity has promoted a limited democracy in which although politicians represent, technocrats administrate. The corruption scandals of recent years have laid bare the model’s moribundity. The present lack of alternatives means the way out is a choice between two neoliberal factions – the remnants of Fujimorism or the group that emerged during democracy. With both apparently unable to clarify the situation, a third as yet unknown actor may yet emerge.