> Is it unreasonable to assume people will read the fine print?

Unequivocally, yes. Even if someone hypothetically had enough time to read every TOS they've agreed to I would venture to guess the average user wouldn't be able to comprehend most of the terms[1] anyway. Disclosure documents are written by lawyers (corporate CYA) for lawyers (regulators, plaintiff's counsel, judges).

The law, however, disagrees with me entirely.

[1] Edit to clarify I mean "terms" as in the terms of the agreement

Delegating privacy rights feels like delegating monetary rights. As in, negotiating contracts for payments. This is coming from the perspective of a simple person trying to understand this complexity. Anytime I sign complex and impactful contracts, it's usually done in person with physical paper and a general understanding between both parties. An online agreement feels like scam artist's work, only after we've realized the value of our personal data. Maybe we're giving too much away at the notice of typed words? We're essentially giving away resource because we didn't realize the importance of it.

This needs to include the class of users who'd don't care because they don't understand. If they knew, they'd be upset too.