Why wouldn't the market help? This is a great opportunity for a competitor to offer privacy features and capture market share with a better offering. Promise privacy in perpetuity or your money back, and if consumers care then they will switch.
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.