In all sectors there's an increased cost associated with a brand be that bicycles, cars or tins of beans. You do have to wonder why a brand is more expensive than another but it'll include hidden stuff like R&D, marketing and sponsorship deals as well as less hidden stuff like lifetime frame warranties, etc.I just wouldn't pay £1200 for a Cannondale when pretty much the same bike is available for £750 elsewhere.
Companies are driven by profit rather than altruism and consolidating manufacturing overseas is simply the latest way to squeeze production costs. As long as the company defines the quality it expects of the factory and ensures that is maintained, where the product is made makes no material difference. Of course most would like to support local economies but that's a moral issue where you can vote with your wallet contents.
The video was interesting although the voice over/sub titles were fairly amusing at times
I read a couple of years back that their smooth welds finish was only found higher up the range rather than on all models. It does seem that the brand is maxing out their savings to the detriment of the product that will eventually undermine confidence/sales.