Privacy empowers people to protect themselves, control their information and express themselves. Without private thoughts how can we even think or consider possibilities? Privacy is key to creative expression. Privacy is why you have locks on your door, to protect your person and property. Privacy is why we use a bank at all, to keep our money 'safe'. So without privacy, disclosing all the personal information of every transaction will open up security risks and power imbalances that will certainly result in more loss of personal freedom, in favour of 'regulation' stifling innovation.
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well put, we have our own most intimate thoughts and self reflection in private too. I know some people who do not experience any form of affection for other humans if they are on camera or in sight, they call it PDA's Public Displays of Affection