When you think privacy of in in the terms of 'social cooling', or consider things like China's 'social credit' system, I can't help be think we are much closer to the world depicted in the last season of Westworld than we might want to admit.
Sometimes I think that authors who see patterns and make reasonable but dire predictions about where society is going actually end up providing a game plan to career oppressors.
To answer your question, people aren't always seen as intrinsically valuable, nor their suffering meaningful. In the wrong context, corporations, congregations, and other populations are only valued for what they produce, like how cows are valued (and raised) for their milk and meat.