I presume encryption between two points is not part of the consideration here (from me to the bank) as that would break much of the https web and trust in payment systems etc. That seems to be what the Internet Society is complaining about.
It's the specific star network where encypted data sent is from one person to another but passes through a third party (FaceBook etc) who don't have the keys to read it. Perhaps that's a less emotive issue to raise as it's mainly messaging services.
So encrypted peer-to-peer communication will be fine?