It's a tradeoff of supply-audit-design that is essential. 

Privacy, while being one of the most important aspects of individual sovereignty, doesn't solve the problem of inflation debasement and centralized control of money issuance. 

As stated in the Monero page above, Bitcoin solves this by providing an immutable public ledger that is currently the most secure decentralized network. 

We have proposals that are pushed such as Bolt 12 that tackle the anonymity problem. It is not a a clearcut failure as monero folks push it to be while ignoring the other aspect of this.