I've met a couple of really smart people ( like CEOs), who are very good for their company + employees and have a very strong opinion about this.
They are pro security for sure, but...
Security shouldn't be abused by malicious actors. And those malicious actors shouldn't be able to hide behind encryption.
In the same sense, privacy is important but I'm not sure if it's that important in Covid times ( eg. The decentralized requirements from Europe).
In short: he's not saying security is bad. He's saying government spying isn't that bad IF the government can be trusted.