I have an idea that a good many of today's expensive, top of the line knives are more bling than anything else. Ridiculously cheap Moras seem to get the work done just fine, for a fraction of the cost. The same picture appears with a lot of the other gear we fret about. How did we ever make it before titanium appeared on the scene. Times were hard then...
Kinda sorta. The thing with todays top-of-the-line-take-out-a-second-mortgage-on-your-home knives is they are made up of these super hard metal, process sensative, single manufacturer, super alloys. Yes, the brand name (Strider, Emerson, etc.) can kick the price up too, and you are paying a fair amount for bling with these. The knives of yesteryear and their current derivatives all seem to be made of alloys better suited to large scale production (10XX, 51XX, 420 440 and AUS families). They don't have the same performance as the super alloys, but they'll readily handle the job. On the other hand, too cheap can means **** quality control. Won't take an edge, won't hold an edge, and usually so poorly constructed that they're more likely then not to cut the user.