This is only viable when viewed as an economic game. As soon as a real war breaks out or national security is threatened, privacy invasions from foreign powers and literally anyone not whitelisted, will be ended quickly and be treated as acts of war.
Assuming all private companies are bent is pointless. People should be allowed the choice to keep their data private and give it whomever they please. This is a 'free market' after all.
That’s an empty argument. People don’t have a choice on what third parties share and disclose. People don’t have a choice on things like HIPAA and banking regulations and they shouldn’t because those regulations protect people but don’t regulate people.
Choice doesn't mean controlling the other guy. At some point in the chain trust appears and canaries can be used to see if it has been violated, if you really care that much.
Some people have a non-commercial precommitment to privacy and finding the companies that honor it and relate to it is the choice we want.
If you want to force the discussion about privacy into regulation and non-market forces, then okay? Why would people legally and politically consent to a fully transparent world? The regulation will only end up going one way in the end and for all the split hairs along the way, it won't be in favour of ending privacy...
Assuming all private companies are bent is pointless. People should be allowed the choice to keep their data private and give it whomever they please. This is a 'free market' after all.