No, Democratic establishment, it was not simply backlash against racial, religious, and sexual equality. A lot of white men who voted for Obama now voted for Trump.
And yes, Hillary, curing grotesque economic inequality will do a lot to ameliorate racism and sexism.
Bernie Sanders, who would have been about to inherit the Oval office had he not been sandbagged by the Dem establishment, explains it to that willfully obtuse, pathetic excuse for a leadership:
“Donald Trump tapped into the anger of a declining middle class that is sick and tired of establishment economics, establishment politics and the establishment media. . . . People are tired of working longer hours for lower wages, of seeing decent paying jobs go to China and other low-wage countries, of billionaires not paying any federal income taxes and of not being able to afford a college education for their kids – all while the very rich become much richer.”