Could somebody spell out in plain english what this will mean for the average joe.
investor state = international corporation masquerading as a stateless entity that can sue countries
dispute panel = three unelected corporate lawyers pretending to be judges (no conflict of interest)
lost earnings = if a country passes domestic laws to protect their citizens, a corp (investor state) can sue if this causes lost profits
IP = intellectual property (granted monopoly) for the purpose of monetizing innovation, or for preventing other innovation that may challenge a legacy
to make it as simple as possible,
our legal system took hundreds of years to develop a system where disputes could be resolved,
this new system is designed to circumvent our existing judicial system and dispute system so that corporations can
SUE countries on perceived loss decided by corporate lawyers (who can work for the very corporation they are making decisions for) and no country
can defend their citizens from corporate profit seeking.
as one example,
pharma would like to make drugs so expensive their profit grows exponentially,
this means poor people die from curable sickness because if the price doesn't rise the country can be sued for lost profits
the usa tried to pass SOPA (stop online piracy act) and PIPA (protect IP act)
they failed because of massive public outcry,
this would do an "end run" around the democratic process,
so that these failed bills could be in-forced at the TRADE LEVEL rather than through the democratic processes of local and nation government's
this is a corporate power grab to remove a countries ability to be a sovereign state in the benefit of its citizens,
and allows for cooperation's to control prices and rules FOR THE PROFIT OF THE CORPORATION ONLY.
ANY COUNTRY THAT SIGNS THIS DEAL WOULD BE BEHOLDEN TO THE PROFITS OF CORPS OVER THEIR OWN PEOPLE.
this sets up a system where cooperation's rule the world and if any country tries to place the health and well being over profit, they will be sued