> For a recent confirmation of this, witness the enormous amount of effort expended on GPDR compliance. None of it could have been done before computing power became so cheap that it needed to be wasted on doing it.

Everyone complains about useless procedures, but I think the real culprit is that we have no framework for discussing value.

We do - money. That's why GDPR breaches cost lots of money - to make sure organisations don't allow breaches to happen.