Yes, in a perfect dream world where governments and agencies are made of perfect, valiant, James Bond kinda characters who fight only for the good causes and ar

Yes, in a perfect dream world where governments and agencies are made of perfect, valiant, James Bond kinda characters who fight only for the good causes and are never tempted to misuse the power. In reality, it's obvious that such setup potentially empowers small group of people to with equal ease control and manipulate individuals as well as large groups of people, companies and organizations by means of blackmail and access to insider informations. And the fact how easy and how extremely lucrative that could be just makes it more realistic that someone will try to do that. Lets set aside how tempting it is for most people not to snoop on their exes or current partners, or to run background checks on their daughters new boyfriend, imagine having access to info that some big company is about to default, or that some other company is on the brick of discovering something super exciting and their stocks are about to skyrocket. How many people would realistically resist the urge to monetize that info? How many political parties wouldn't want to know some dirty secret on their opponents? How many ambitious people would just let someone else get promoted even though they know some dirt on them? Further, since the only reason people would accept this type of surveillance is fear, agencies and governments are directly incentivized by it to prolong and augment the threat, as that directly benefits them and allows them to keep the position of power, to keep their jobs and budgets. Which is less than ideal setup, as it is out of balance by design. As soon as other institutions of the system weaken this will have a tendency to spiral into a fight for grabbing as much power as possible, and then potentially some sort of dictatorship, as has happened in so many societies that had strong security agencies and weak political system.