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 ...

Tapewound Strings comparison:
Tapewound vs Roundwound strings on Fe...

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