Many eyes around the world are watching Brazil, a country of 210 million people and Latin America's largest. For those who love liberty and free markets, it's a place that now offers hope in place of the despair that gripped the country before elections in 2018 swept socialists from their long-held positions of power.

Brazil has experienced an extraordinary shift away from statism—in terms of both popular ideas and public policy. These things never move in a straight line, and there's certainly still an immense amount of progress yet to be made. But make no mistake about it, Brazil is a different place today than it was a decade ago. The optimism, excitement, and activity among Brazilians who long for a free society are palpable nearly everywhere.