Oh, it goes well beyond that boys and girls...wait, let me put on my aluminum foil hat...there...
Not only do 'they' have the capability to 'see' your personal info, browsing history or phone/text message...but they can invade your privacy.
Think about it...phones now have GPS capability...they know where your are...correction...they know where your phone is. Hell, my wife's phone and mine are link so that I know exactly where her phone is...and vice versa.
The camera...don't you think that they could remotely active it...see where you are, what you are doing, what you are photographing, etc.
Yes, just about all governments in some form or fashion 'track' their citizens...but I think the point here is what or who handles the information collected and how it is handled and stored.
Given a choice, who would you trust more...which ones are more likely to be corrupted?
On a side note...A poll was once taken asking who do you fear more...the US Government or the mafia.
Surprisingly, more people feared the government...the mafia will just kill you and be done with it...the government...will ruin your life.