This idea would not deter narcissists or psychopaths.

This is a good point, however I would counter that these types of people often rely on lying or misleading people in order to attain success. Being recorded all the time would allow us to prove they are lying.

I am not saying people would need to watch all the time, sure you could if you want to, but as long as everything was recorded, there would be accountability if needed.

Would this attract the wrong people? Maybe, but those that abuse power or other people could be exposed and held accountable. Opportunities for corruption would be reduced due to every waking moment being recorded.