America’s stability can no longer be taken for granted. That is one possible conclusion from the near assassination of Donald Trump, reinforcing lessons already learned from the attack on the Capitol in January 2021. Regrettably, America is not exceptional in this regard. The past few months alone have featured a shooting of Slovakia’s prime minister, an assault on Denmark’s prime minister and attacks on politicians in Germany.

Such violence strikes at basic tenets of democracy: that differences are resolved via elections and peaceful transitions of power. It also challenges one of the most reliable economic relationships of modern times: between democracy and prosperity. Often, the causality is thought to run from wealth to voting. But democracy, and the rule of law intrinsic to it, is crucial to accumulating and maintaining wealth. Is this relationship now coming unstuck? And should Americans long for a return to stable bipartisanship?