Why is a Fender bass so much more than Squier? (And is it worth it?)

Comparison of £200 made in China Squier Affinity J Bass vs £1200 made in USA Fender American Standard Jazz Bass. Links to other videos I mentioned... Just the playing:    • Squier Affinity J Bass vs Fender USA Jazz   Tapewound Strings comparison:    • Tapewound vs Roundwound strings on Fender ...