The article discusses the sociological perspective of prevalent theories of the policy process of privatization. Governments in several countries are gradually accepting the need for privatization and other market oriented reforms due to the shortcomings of maintaining an extensive welfare state and a large public sector. According to several studies, privatization policy is selected in order to achieve key goals such as equity, efficiency, reliability, and consumer choice. Therefore, according to many social scientists, privatization is viewed as a political phenomenon rather than economic, administrative, or fiscal.