I don't think volume sales is the whole answer. I'd be surprised if the chinese factories couldn't easily gear up to produce twenty times as many Hardy rods that could be sold at half the current price. It's about marketing/product positioning and recognition and maximising revenue. A bit like claret - how many people really appreciate the difference between Ch. Petrus at £4665 a case and Ch. Batailley at £384? Two or three years ago you could buy Batailley for around £160 - is it now twice as good? It boils down to market forces and in the non-essential goods market these are governed by perception and perception is governed largely by influential commentators (in the case of Bataillley that annoying Robert Parker gave it a rating that altered market perrception, immediately attracted the Asian market and put the wine out of my reach

) . We're almost talking about Giffin goods - the ones that sell more the more expensive they are.
How many commentators/reviewers reflect the average, or even better than average, angler's abilities? It's usually not their role.
Most of us have a touch of the tackle tart, we would like to own 'the best'. However, one of the things I like about this forum is that there is an air of realism: people like steveow who are prepared to admit they are happy with a modestly priced rod, but also that they love having a top end piece of kit, and those who will provide enough pragmatic information for the inexperienced to judge what best suits their pocket without a hint of the 'it's not worth getting anything less than a Loomis or sintrix' attitude.
(Of course there are works of art like a recently featured bamboo rod, but that's a different matter entirely).