Sixty city blocks. A world apart.
Blocks from where Occupy Wall Street protesters marched Monday to mark the first anniversary of the movement, Apple iPhone 5 customers began camping out to be among the first to buy the new phone. The line formed four days before the phones actually go on sale.
A buzzword among “Occupy” protesters is “corporate greed.” More than once have we seen that term used in news stories without the quotation marks — despite being a subjective, politically charged term. (We never see “government greed” in news stories, with or without the quote marks.) Another favorite term of the marchers is “income inequality.”
This year's anemic “Occupy” march drew a sharp contrast. Instead of filthy crowds squatting in Zuccotti Park near Wall Street, as happened last year, the campers this year were up along Fifth Avenue at the flagship Apple store. Demand for Apple products and enthusiasm for the latest iteration of the phone pushed Apple's stock price to record highs.
Corporate greed? No. Supply and demand.
Income inequality? One unlocked version of the new iPhone will cost more than $800. Some will pay it nevertheless because they want the phone.