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This week on Economic Update, Prof. Richard D. Wolff delivers updates on Economic Threats: Corbyn vs Morgan Stanley, cars for super-rich, information vs profit, Fed chair Powell's over-reach, why regulations...

(Photo: Andrew Lichtenstein / Corbis via Getty Images)

This article originally appeared at truthout.org.

In response to the passage of the GOP tax bill, many voices are now offering variations on the theme of "speak truth to power." It's true enough that tax overhaul, coming after 30 years of widening inequality, widens it further. It is likewise yet another exercise in trickle-down economics, the policy promise that direct economic help to corporations and the rich will eventually lift up the rest of us. The GOP and Trump conveniently disregard the countless economists who have shown that trickle-down is a false promise.

In this episode, we sat down with Christian Parenti to discuss climate change and our current political and economic landscape.

We asked Parenti what it was like to straddle the realm between academia and journalism; prospects of climate catastrophe; climate change and climate justice; and the role of both politics and the state in any real solutions for a way forward.

On this week's show, Prof. Richard D. Wolff presents updates on UK company's parental leave policies, Citibank fined for abusing student borrowers, US tobacco companies...