Earlier quoted context omitted.
Reddit is a swamp of filth wrt economics comments. Basically all the subreddits except /r/academiceconomics, /r/badeconomics, /r/econpapers are awful. I'm friends with the mods of /r/economics and they have a really hard time reigning in the masses of ideologues (on all sides) ruining what should remain pure economics discussions.
> /r/badeconomics The subreddit arguing that it’s reasonable to give companies power over democratically legitimated governments? No thanks. This is a non-negotiable requirement, no non-democratic entity should have power over the highest democratic entity. That’s the fundamental issue that makes traditional ISDS problematic, and why ICS and the new ISDS alternative in CETA were created in the first place. But /r/bad…
> The subreddit arguing that it’s reasonable to give companies power over democratically legitimated governments
Is a massive strawman if you're referring to ISDS (which is what it seems). If you want a trade agreement, the terms need enforcement to be unilateral. But political actors in each respective countries will be incentivized not to respect that by internal pressures.
So there needs to be a way to settle those disputes, or else you might as well not have any trade agreement. You can dispute the merits of the current court system; I won't, I'm not an expert in that.
But saying that this means "companies have power over democratic countries" is absurd. Go look at supreme court cases in any country. How many are "[person] vs [state]" or "entity vs country"?
Democratically elected governments can act in ways just as abhorrent as any other entity; that's why the president doesn't have control over, say, what is constitutional or get to control monetary policy.