Abstract: | The privatization in Macedonia is considered to be the finally found form of establishment of the interrupted evolution of the ownership. Of course, this is from the aspect of introduction and functioning of the state ownership in the socialistic system which denied the title of ownership. From the chosen model of paid privatization, it was expected that the privatization will be carried out lawfully, fairly, justly, relatively fast and transparently. This paper analyses the process of privatization from the aspect of its lawful performance and its fairness as consequential effect. The analysis specifically refers to one of the five segments of the privatization process—the privatization of socially-owned enterprises. Subject to this analysis are the views and opinions of employees and managers, as well as those of the government officials on issues whether the privatization is implemented as a political process and whether privatization is realized as a robbery. The results of the analysis can be summarized twofold: the employees and the politicians see the privatization as a political process and robbery, while the managers deny any connection with politicians and do not consider themselves oligarchs. In the analysis, these results are compared with some objective parameters of privatization: (i) the funds raised from the sale of social capital and (ii) proceedings initiated in front of state and judicial authorities based on suspicions of crime in the privatization process. |