Who will interpret the 9 trillion hours of resulting video then? Every person in the world would have to spending three work shifts a week watching and evaluating it.
See:China.
It will all be tied into an increasingly centralized system and we will be taken into cybernetic hell or utopia depending on the controller(s) intention(s) or maybe regardless of them.
True story.
A friend of mine opened a business, and he was required to have a security camera to make things convenient for the police. The law specified VHS as no one had bothered to update it, but he just burned them a DVD the one time they asked for a recording.