Earlier quoted context omitted.
That's human nature. As soon as something beneficial to few and detrimental to others is banned, those who benefit seek to find other ways to continue benefitting, again to the detriment of others. This doesn't mean we shouldn't continue trying to stop them. And we stop them through laws. Common sense is not that common and human decency doesn't scale.
In the US, the typical citizen commits an average of a felony a day. The legal code and associated regulations are so lengthy no one can read all of them. The tax code alone is 2,600 pages and associated rulings 70,000 pages. When you have so many laws, they can be applied selectively depending on your political status, or to benefit the regulators or their friends. We just caught the sheriff of Santa Clara extorting…
I don't think it does, I think is fraud. For it to be consequences of of my choices, what choice do I make to select a mobile phone carrier that does not sell data of my location? Such choice does not exist.
You can't 'non-disclose' some 'small feature' of a mortgage contract, of a loan, etc. Personal data deserves similar respect.
Lastly, we can and do have different laws for individuals and multi-billion dollar corporations - you cant use this as an argument when we are discussing securities fraud and banking regulations.