Doesn't Schneier miss the mark here. Even if the US, Australia or all of the Five Eyes nations stop spying, that does not ensure encryption is unbroken or safe from spying eyes. If it is possible to break encryption, it will be broken by someone. It better be by us...
As far as designing in weaknesses and/or golded keys. Well, it does not add to security, but assuming that the other nation states are already able to break encryption and read what they want, it does not weaken it either for national security reasons. What it does provide however are easy means to stop terrorists, pedos and drug dealers from conducting business. That power in the right hands is good for society, just like having people with lethal weapons in law enforcement is good for society.
Remains the risk that some bad guys could get their hands on the golden keys. Yes, design to handle that?
As far as designing in weaknesses and/or golded keys. Well, it does not add to security, but assuming that the other nation states are already able to break encryption and read what they want, it does not weaken it either for national security reasons. What it does provide however are easy means to stop terrorists, pedos and drug dealers from conducting business. That power in the right hands is good for society, just like having people with lethal weapons in law enforcement is good for society.
Remains the risk that some bad guys could get their hands on the golden keys. Yes, design to handle that?
What else?