Since the transition to democracy, Panama has been characterized by its political and economic stability, which was based on a “transistist” consensus. We propose that this economic and political model is a Panamanian translation of what academia has called rentism in other countries. In 2023, however, it showed signs of a possible cracking of this solidity: on the one hand, the pre-electoral year showed strong signs of disarticulation of the party system as it was known; on the other hand, the most massive social protests of the democratic era took place. Indeed, with climate change and mining opportunities, some economic elites seem to be looking for alternatives to the historical economic model. This generates strong social tensions and could render inoperative the existing party system in the country, which existed precisely around this consensus on transitism.