It depends what you mean by privatization

Privatization has been one of the strongest oars rowing the boat of global economic liberalization.

In the last two years alone, the privatization sale of assets reached $53 billion in Europe, over $5 billion in the Americas and nearly $9 billion in Asia. In eastern Europe privatization helped push the transition from communism to capitalism. As output from the non-state sector soared to 55% of GDP, assets with an estimated economic value of $200 billion were returned to the people.