This used to work when you could trust the software you ran on your system to have access to everything you have access to on your computer. I'd argue that time has largely passed, for most third-party commercial developers and even for some OS vendors.
Best solution is to simply not run software made by blatantly untrustworthy developers. Second best solution would be to run such software as a severely sandboxed user who basically doesn't have access to anything important on your system.