Such waivers limit this right. I struggle to imagine an ideology that thinks giving up a fundamental right is wrong, but limiting it is ok. Given how rarely arbitration courts rule against the one who selected them, the difference between limiting and forfeiting the right entirely is slim to none.
I personally wouldn't have a problem with that if the contract terms were negotiated by two sophisticated parties. However, the reality is that these contracts are often pro-forma and and "signed" without negotiation in the context of great disparities in power and sophistication. IMHO, the latter is troubling and shouldn't be allowed. There should be a whitelist of a limited number of types of terms that can be included in a pro-forma contract like these, and binding arbitration shouldn't be one of them.
Do you mean current decisions were made by an entity outside of the society
And it does not follow that a decision made by an entity inside the society, was made by the society as a whole, or that it has any sort of majority support, even if it is law. By that logic, you could argue that we, as a society, decided that one-click shopping is worthy of patent protection, and that it should be illegal do unlock your own phone.
Edit: I know this may sound just technicality, I just dislike use of "we" in politics.
That being said, the constitution has established an independent judiciary which has little limit to what matters it can opine. You have a right to petition that judiciary. You're somewhat correct in that you don't have a right for them to listen.
I don't think that's actually true. IANAL, but IIRC the jurisdiction of the federal judiciary is quite limited compared to that of the states.