THE IMPORTANCE OF STATE INTERVENTION IN THE BRAZILIAN ECONOMY DURING THE COVID-19 PANDEMIC

Abstract

During economic crises, the State often ended up intervening in the market, enabling the revitalization of this market and social rebalancing. This article aims to discuss the importance of State intervention in the Brazilian economy during the Covid-19 pandemic, conducting a bibliographical and documentary research. And in this investigative process, it was perceived, through a comparative, that both in the coffee crisis that occurred around 1929, and in the Covid-19 pandemic, the state intervention was decisive, timely and relevant for the restoration of the economic order and society, noting that the current intervention was only possible, because Brazil, in its Federal Constitution of 88, brings commandments that establish situations in which the State is allowed to intervene in the market, and this intervention may occur directly or indirectly, according to the decision to establish an economic regime of Regulatory State.Remembering that this type of regulatory economy has a strong influence of Keynesian Theory which is a political and economic school that defends the intervention of the State in the economic organization of a Nation. Thus, as much as the Brazilian economic market is defined by the Constitution as one of free competition and free enterprise, state intervention was authorized, is present, and was of great relevance during the pandemic period, because, with the public policies applied, it enabled society to overcome the tragedy and recompose its mode of production.