Syriza lost the July 2019 election in Greece to the right‐wing New Democracy Party, though it was not a crushing defeat. This article explains that although Syriza is chiefly responsible for the return of New Democracy to power, its remarkable electoral performance is because its party elites, being in power for over four years, succeeded in appropriating the state machine, establishing caucuses of power, influence and clientelism. Thus, the demise of the Panhellenic Socialist Movement (PASOK), upon which Syriza capitalised in full, led to the establishment of a new two (state) party system dominated by New Democracy and Syriza. The extreme left and the extreme right ceased to play a major role in this new political scene.