This article interrogates the social impact of one aspect of structural adjustment in the Hashemite Kingdom of Jordan: privatization. In the mid-2000s, King Abdullah II privatized Jordan's minerals industry as part of the regime's accelerated neoliberal project. While many of these privatizations elicited responses ranging from general approval to ambivalence, the opaque and seemingly corrupt sale of the Jordan Phosphate Mines Company (JPMC) in 2006 was understood differently, as an illegitimate appropriation of Jordan's national resources and, by extension, an abrogation of the state's (re-) distributive obligations. Based on interviews with activists, I argue that a diverse cross-section of social movement constituencies – spanning labour and non-labour movements (and factions within and across those movements) – perceived such illegitimate privatizations as a moral violation, which, in turn, informed transgressive activist practices and discourses targeting the neoliberal state. This moral violation shaped the rise and interaction of labour and non-labour social movements in Jordan's “Arab uprisings”, peaking in 2011–2013. While Jordan's uprisings were largely demobilized after 2013, protests in 2018 and 2019 demonstrate the continued relevance of this discourse. In this way, the 2011–2013 wave of protests – and their current reverberations – differ qualitatively from Jordan's earlier wave of “food riots” in 1989 (and throughout the 1990s), which I characterize as primarily restorative in nature.