If everyone, and I mean EVERYONE, was tracked, chipped, monitored, followed, & watched AND the information was 100% transparent and available to EVERYONE, then well...
I've been interested in this approach to public surveillance for some time now. I consider myself a strong privacy advocate and I absolutely don't condone any encroachments of privacy in the home or personal communication, but I also try to be realistic about expectations of privacy in public places.
An analogy: if you're relying on a crappy cryptographic protocol for security, that's often worse than no security at all, since it gives you the illusion of safety and leads you to put sensitive data places where it can be cracked. When I hear people decrying government-operated surveillance cameras on public streets, I sympathize and often agree with them, but I also wonder if they have the same sort of illusion of privacy when they're on the sidewalk, camera or no. The government isn't collecting any information with that camera that wouldn't also be accessible to a crank with a window to look out of. Granted, the government has a lot of power to collate and abuse that information, but even that observation seems to assume the absence of a sufficiently dedicated network of private cranks with access to a sufficiently large number of windows. These days, that might be a poor assumption.
So maybe it would be a good thing if we did have surveillance cameras in public places so long as they were streamed to the Internet where anyone could watch. I wouldn't say I'm especially comfortable or happy with the idea, but it might be the net best choice. Some sort of crowdsourcing, whatever problems it might invite, would at least give the cameras some chance of being used to catch actual criminals, which statistically the government is not succeeding at. And it would give us a more realistic understanding of modern privacy and encourage the voting public to have a clearer discussion about where the cameras don't go. It would suck that $person can watch you walk into $embarrassingplace from their desk, but they can already do that if they've got a gossipy friend with a smartphone who's in the right place at the right time.