Long-term, the real issue isn't the overall level of privacy or exposure in the society, but the power-gap created by privacy-inequality.
Also, either extreme is primed for a big disruptive phase-change if some new technology comes along that makes it easier to conceal or uncover things.
To some degree, privacy is important because people judge bases on social norms. If that is lessened, so it the benefit of privacy (not necessarily to the same degree).