Even taking privacy as a pure abstraction over things that people really care about at face value this conclusion bakes in a ton of assumptions. The assumption

Even taking privacy as a pure abstraction over things that people really care about at face value this conclusion bakes in a ton of assumptions. The assumption a perfect power balance can be attained, the assumption once attained it can be guaranteed to never falter, and the assumption what happens between now and when such a utopia is achieved is an irrelevant concern to the individual at risk now.