But the reality is that your usual cryptographic circuit (TLS connection) is just that, a circuit, a cordoning of space off for an interaction between two or more parties. The interaction inside that circuit can be very highly exploitative indeed, i.e., you can now apply for payday loans, gamble, ingest anti-human propaganda online, without anyone around you knowing anything about it.
Which is not to say that cryptographic technology might not broadly be a positive but it's inane to think that all social problems could continually be solved with more code and more cryptography. It has arguably been a key driver of enhanced financialization and militarization of daily life in its current iteration.