This problem should be solved in a legislative way, similar to Europe's GDPR. There should some minimum privacy rights which can't be opted out of and which are protected by government. That's the only viable solution. Markets don't help here.
The whole 'if consumers care' thing is kinda bullshit. They simply don't have the time or ability to get into the details. It's even more of a problem when companies train users to just accept changes to agreements, so they can keep using a physical device that sits in their home.
And let's be real: what you've written should be written as "privacy in perpetuity or maybe part of your money back years later after a class-action lawsuit, maybe, if it isn't just store credit." That, as much as anything, is why consumers caring is attenuated.