Liberalism is defined here as the principle that decentralization of economic decision-making is the organizational form which allows a society to achieve greatest economic efficiency. Based on this definition, the article discusses the role of the state within a liberal society. It goes on to show how and why the principle of decentralization should be modified in certain situations, allowing for centralizing intervention in individual decisions. Lastly, it lists some liberal policies that still need to be enacted in Brazil
Liberal policies; economic decentralization; Brazil 21st Century