Earlier quoted context omitted.
Schmidt wasn't making a strong argument against privacy, he was discussing the relationship between using an online search engine and privacy. He was asked People are treating Google like their most trusted friend. Should they be? And responded with your quote, and a bit more. The context is harder to ridicule: I think judgment matters. If you have something that you don't want anyone to know, maybe you shouldn't be…
The context is easier to ridicule. He says it in explicit terms: Don't search for something you wouldn't want authorities to know about because we just may hand it over to them.
Knowing that reality helps people act accordingly.
I don't normally ridicule people for being forthright about reality.