Corrupt anticorruption
If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2026/03/14/ill-have-what-xis-having/#binge-and-purge
An amazing thing happened this week: a whopping bipartisan Senate majority (89:10!) passed Elizabeth Warren's housing bill, which severely limits private equity companies' ability to buy single-family homes to turn into rental properties:
https://prospect.org/2026/03/13/elizabeth-warrens-amazingly-progressive-housing-bill/
It's a big deal. Since the Great Financial Crisis, US home ownership has fallen sharply, while corporate landlordism has skyrocketed. Rents are through the roof, and private equity bosses boast about gouging their tenants, with the CEO of Blackstone's Invitation Homes ordering the lickspittles to "juice this hog" with endless junk fees and calculated negligence:
https://www.aol.com/juice-hog-real-estate-companies-080301813.html
The corporate takeover of the housing market didn't fall out of the sky. It was a policy of the Obama administration, which directed the mass selloff of homes (foreclosed on by bailed-out banks) to corporate buyers:
https://www.thebignewsletter.com/p/boom-senate-votes-to-block-private
Sunsetting the American dream of home-ownership is the final straw. After all, once America killed off labor rights, the only path to wealth accumulation left for working people was assuming crippling debt to buy a house in hopes that its value would go up forever:
https://pluralistic.net/2021/06/06/the-rents-too-damned-high/
The affordability crisis isn't solely a matter of high shelter costs (we see you, grocery greedflation, health care and education!), but housing costs are totally out of control. Mamdani's earth-shaking mayoral campaign centered affordability, with housing taking center stage:
https://gothamist.com/news/mamdani-wants-to-take-buildings-from-bad-nyc-landlords-this-bill-could-make-it-happen
Trump β whose most important skill is his ability to sense vibe-shifts in his base β noticed, and started to make mouth sounds about tackling the affordability crisis, specifically blaming private equity landlords for high rents:
https://www.whitehouse.gov/fact-sheets/2026/01/fact-sheet-president-donald-j-trump-stops-wall-street-from-competing-with-main-street-homebuyers/
But this isn't just a story about a stopped clock being right every now and again. It's a story about boss-politics anti-corruption, in which anti-corruption is pursued to corrupt ends.
From 2012-2015, Xi Jinping celebrated his second term as the leader of China with a mass purge undertaken in the name of anti-corruption. Officials from every level of Chinese politics were fired, and many were imprisoned. This allowed Xi to consolidate his control over the CCP, which culminated in a rule-change that eliminated term-limits, paving the way for Xi to continue to rule China for so long as he breathes and wills to power.
Xi's purge exclusively targeted officials in his rivals' power-base, kneecapping anyone who might have blocked his power-grab. But just because Xi targeted his rivals' princelings and foot-soldiers, it doesn't mean that Xi was targeting the innocent. A 2018 paper by an economist (Peter Lorentzen, USF) and a political scientist (Xi Lu, NUS) concluded that Xi's purge really did target corrupt officials:
https://web.archive.org/web/20181222163946/https://peterlorentzen.com/wp-content/uploads/2018/11/Lorentzen-Lu-Crackdown-Nov-2018-Posted-Version.pdf
The authors reached this conclusion by referencing the data published in the resulting corruption trials, which showed that these officials accepted and offered bribes and feathered their allies' nests at public expense.
In other words, Xi didn't cheat by framing innocent officials for crimes they didn't commit. The way Xi cheated was by exclusively targeting his rivals' allies. Lorentzen and Lu's paper make it clear that Xi could easily have prosecuted many corrupt officials in his own power base, but he left them unmolested.
This is corrupt anti-corruption. In an environment in which everyone in power is crooked, you can exclusively bring legitimate prosecutions, and still be doing corruption. You just need to confine your prosecutions to your political enemies, whether or not they are more guilty than your allies (think here of the GOP dragging the Clintons into Epstein depositions).
14 years later, Xi's anti-corruption purges continue apace, with 100 empty seats at this year's National People's Congress, whose former occupants are freshly imprisoned or awaiting trial:
https://www.bbc.com/news/articles/c78xxyyqwe7o
I don't know the details of all 100 prosecutions, but China absolutely has a corruption problem that goes all the way to the upper echelon of the state. I find it easy to believe that the officials Xi has targeted are guilty β and I also wouldn't be surprised to hear that they are all supporters of Xi's internal rivals for control of the CCP.
As the Epstein files demonstrate, anyone hoping to conduct a purge of America's elites could easily do so without having to frame anyone for crimes they didn't commit (remember, Epstein didn't just commit sex crimes β he was also a flagrant financial criminal and he implicated his network in those crimes).
