I've pretty much began devaluing both ideas. Not because I don't enjoy privacy, but because I don't trust privacy (from everyone but "The Man" obviously) to defend me.
In my opinion, the sooner we're all in glass houses, the better. That's not just glass ceilings, btw, where the man can look down on you, but glass walls, too, where you can look not only back up at The Man, but around and your neighbors, and obviously they can do the same to you.
In a Glass House scenario, The Man can pin anything on me he wants. But, if he's lying, everyone around me will know. Or, if the law he's trying to enforce is a ridiculous one most people ignore, there will hopefully be some kind of outrage.
I don't see any real advantages to the current way things are. If the Man wants to lie about me and arrest me for no reason, who'd know he was wrong?
So, to give an example, while I recognize the need for privacy when it comes to finances and employment and stuff, having all of my phone conversations uploaded to a streaming location for anyone anywhere to listen to would not bother me one bit, granted everyone else would be uploading their conversations. I'm sure we'd all find out some weird shit about one another, but that wouldn't bother me at all and in a way I think we'd all be better off for it in the long run.