This perspective is in my opinion entirely misguided.
The incentive of a private organization is to find ways to profit off you. That desire leads to fairly predictable behavior.
On the other hand, a government owns you and has true power over you.
While the odds of a company abusing this information is much more likely, it's damage to you (abusing you with unwanted ads, etc) is far less bad than how a government would use such info to abuse you.
Another dimension to this is that if a private company establishes a monopoly on your information, it's position is all but permanent. It's possible for a whole slough of similar companies to acquire the same information, therefore nullifying each others monopoly and power over you. With a government this is not the case.
The incentive of a private organization is to find ways to profit off you. That desire leads to fairly predictable behavior.
On the other hand, a government owns you and has true power over you.
While the odds of a company abusing this information is much more likely, it's damage to you (abusing you with unwanted ads, etc) is far less bad than how a government would use such info to abuse you.
Another dimension to this is that if a private company establishes a monopoly on your information, it's position is all but permanent. It's possible for a whole slough of similar companies to acquire the same information, therefore nullifying each others monopoly and power over you. With a government this is not the case.