Unless you are wealthy enough to do without or fine being homeless, this means you are living under a sub-government that the rules are set by corporations.
EDIT:
It looks like the bottom of the article explains that the US Consumer Bureau studied arbitration and found it anti-consumer:
As arbitration clauses appeared in tens of millions of contracts, the consumer agency was specifically mandated to study arbitration under the Dodd-Frank financial law in 2010. That effort culminated in a 728-page report, released in March 2015, that challenged longstanding assumptions about arbitration.
The agency found that once blocked from suing, few people went to arbitration at all. And the results for those who did were dismal. During the two-year period studied, only 78 arbitration claims resulted in judgments in favor of consumers, who got $400,000 in total relief.
It's not clear what the denominator on that sum is, though it is also stated that the rate of customers taking up arbitration was very low
The loss of class action status is terrible and enabled atrocious corporate behavior.
But this is just bottom of the barrel "you said something vaguely similar to a blog post I wrote a few weeks ago, here's the link with the oh-so-edgy title."
Plus, it can get exhausting to write the same argument over and over again. Half the reason I write on my blog or on medium is because I find myself repeating a certain argument and I decide to just write it once and for all.
But of course, you could always copy and paste with some small edits rather than linking. And I agree that it would be better to at least summarize the content of the post for us rather than just dumping the link.
This is the part that gives me ulcers, and it's no exaggeration. So many companies insist on us giving up our 7th Amendment rights that we either give in, or don't fly, buy a car, or get a job. We can't even go to the competition because they also have mandatory binding arbitration clauses in their contracts.
As bad as the Equifax breach is, IMO this is a greater danger to our freedoms.