David Brin wrote on this in "The Transparent Society". From the Amazon summary:

> David Brin is worried, but not just about privacy. He fears that society will overreact to these technologies by restricting the flow of information, frantically enforcing a reign of secrecy. Such measures, he warns, won't really preserve our privacy. Governments, the wealthy, criminals, and the techno-elite will still find ways to watch us. But we'll have fewer ways to watch them. We'll lose the key to a free society: accountability.

Note this was published in 1999, so one can argue about how far we went in either direction. I think we mostly ended up with a collective shrug.