The beating heart of democratic politics is a set of paradoxes revolving around the issues of popular identity and sovereignty. Populist ideology appeals to the sovereign people, consequently engaging the democratic paradox in a manner akin to either moving an immoveable object or catching something in constant flux. Marginal consideration has been given by scholars to populism's relationship with the democratic paradox, with current notions of the former seeing it more as a result of the latter. Thus, by recasting the democratic paradox as a question and analysing its relationship with populist ideology, this article seeks to clarify the supposedly ambiguous relationship between populism and democracy. In analysing the transformative processes within populism by using early Peronism and Italian Fascism as case studies, it argues that as the ideological embodiment of the democratic paradox populist ideology preserves and expresses the paradox in the public sphere.