The Highwaymen, Netflix’s new manhunt film starring Kevin Costner and Woody Harrelson, is a suspenseful and morally fraught take on the story of the ex–Texas Rangers who tracked down the most famous bank robbers of 1934. But this movie about chasing Bonnie and Clyde is also a movie about Bonnie and Clyde. It’s a pleasing tale of resourceful, hard-nosed cops that’s also something of an essay on cinema and society. Arthur Penn’s 1967 cinematic landmark (which is also streaming on Netflix) launched an American New Wave of counterculture films about anti-heroes and misfits contesting a nefarious system. Penn’s successors painted...