For the year 1990, and after a decade of economic adjustment, public management of the economy and society continued "tied" to a government proposal that institutionalizes the tyranny of private capital. Hence economic policy will focus on fighting inflation, the opening of the economy and the consolidation of public finances, to ensure the profitability of capital and enhancement of the resources invested in the financial sector. Thus, budgetary restrictions that public administrative apparatus is subject leave little financial room to deploy actions aimed at achieving welfare because social policy is assigned a secondary role against the set of macroeconomic guidelines of economic policy. Given this, it is essential to rebuilding statehood, devastated by the promise of paradise minimal state, and reorient the priorities of economic policy and governance to give greater weight to social policy and to strategic design and implementation public policy. For this it is essential to recognize that the lowering of social backwardness and inequality of income distribution is only possible by transforming the current Promoter or Subsidiary State in a social developmental state. The work presented below is divided into three parts. In the first, a reflection on the logic of the economic policy followed by the last four governments and their main macroeconomic and social outcomes is done. In the second section, restrictions on both social policy as public policies to effectively build the pivot of a more equitable social development are subject are described. In the third section, in advance some of the aspects that should be considered to rebuild stability in order to set up a proposal for governance of economic and society that have the collective welfare as a reason of state. In the end, some conclusions.