I'd like to think so, but when I look at the disparity between how society treats the mistakes of one class of people ("He was no angel, he stole a cigar"), and another class of people ("Standard freshman behaviour, and besides, what is 'consent' anyways?")...

My fear is that more transparency will simply widen the disparity in treatment, because there will be more ammunition to use against the weak, while the strong are protected from accountability no matter what is dug up from their past.

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Major edit: This is why I am an advocate for privacy, rather than radical transparency. I think a level playing field is a prerequisite for transparency.