> Big corporation X can now run up lawyer cost that you have to pay if you lose
This is very much a consequence of the adversarial and very procedural (and costly) common law system as implemented in the US.
There's nothing stopping the US from passing new legislation to address exactly this downside.
The main issue is that the "big corp" can file seemingly endless motions to dismiss at any step (and then file for appeal, etc). But it seems perfectly possible to have a law that instructs the courts to by-default consider the merits of the other side without requiring that other side to also file whatever counter-motion to "yes, please keep the fucking suit going, because some random precedent from 1832 that google coughed up is almost surely bullshit, thanks y'honor"
Of course in many cases judges are elected. Which has its own very serious problems. [0]
The current workaround for the "big corp" problem is "class action", and they happen very frequently in the US. See also the small claims courts.
That said, the real problem is that the whole US system of torts/liability shifts a lot of responsibility on individuals, but in a way that's perfectly aligned with "mo' money = less worry" (Oh really? Who would have guessed.), because there are very few proactive, upfront, visible, legible pro-consumer regulations.
The most visible part is probably the endless EULA/ToS-style texts that nobody takes seriously [1] ... except courts. (See the famous case of a cruise ticket attached to a dissenting SCOTUS opinion https://en.wikipedia.org/wiki/Carnival_Cruise_Lines,_Inc._v.... )
[0] https://www.propublica.org/article/these-judges-can-have-les...
[1] https://www.abajournal.com/news/article/chief_justice_robert...