Chris Hayes’s book Twilight of the Elites came out to respectful reviews and respectable sales in 2012, yet the book’s real moment is right now. Better than any other book, it explains why Donald Trump appeals to many voters, and why the political establishment has such a hard time understanding his success. In the book, ...

The titans of the new economy are different from their predecessors in one very important way: They aren’t job creators — at least not on a scale to match their dizzying growth in value. General Motors, at its peak in 1979, had some 618,000 employees in the United States and 853,000 worldwide. Facebook had just ...