After the First and Second World War period, during which the constitutional democratic procedure was largely suspended, the Swiss population mobilised and triggered direct democratic procedures to put an end to this state of exception. In September 1949, the popular initiative “Back to direct democracy” (Retour à la démocratie directe) was adopted in a popular vote that marked the end of the most recent experience of the state of exception in Switzerland. Does this case allow us to refute Agamben’s hypothesis of the infinite extension of the state of exception, according to which “today it is not the city but rather the camp that is the fundamental biopolitical paradigm of the West” (Agamben 1998, 102), and to claim that there is a democratic way to stop the production of the permanent state of exception? In the present article, we show that, if the initiative right granted by the Swiss democratic model can prevent the construction of the “camp as the ‘nomos’ of the modern” (Agamben 1998, 95), it also introduces the possibility for the sovereign people to infringe basic democratic principles, thus opening the way to forms of ‘democratic exception’.