Yes, and I don´t consider a Fender slapped together from random prefabricated parts with a 1mm gap around the neck pocket to be a quality guitar either. Fender was designed from the get go to be the ak47 of guitars: cheap and fast to manufacture with acceptable results (note the word "acceptable", a word that when translated from engineer to luthier means substandard but playable). There was never the intent of giving people a high quality instrument, but mass producing as many as possible so as to get as much out of the 50s electric instrument craze as possible.
The
only reason some Fenders are outstanding guitars is that some time in the last 50 years Fender started employing actual luthiers. Had they continued the way they had in the 60s, today they´d be on par with Squiers and SX at best.
Don´t get me wrong, some production Fenders are magical guitars, just like some 50$ copies are... but this isn´t due to high quality standrads but just flat out LUCK.
If you commit murder, is it suddenly legal if nobody sees it?
In other words, Just because big companies cut corners since Joe Average doesn´t care or know better
doesn´t mean it´s the proper way to build an instrument. I can´t believe how much consumer culture has brainwashed some people, so far that apparently "use once and destroy" is one step under the Hope Diamond...
There are literally thousands of smaller companies and luthiers that will
properly construct you an outstanding guitar for the same price as a cookie cutter Fender. Fender just gets the business because they´re a household name and therefore have better resale.
That said, your implication that I feel that only high quality instruments > 5k matter is wholly false. There are millions of properly constructed guitars out there for significantly less, crripes none of my instruments cost anywhere near that amount. But you´re not going to get them for 2-300 dollars brand new. A quality instrument for ANY OTHER MUSICIAN will cost multiple thosand dollars and is an investment for life. Guitarists and bassists have merely gotten spoiled because "rockstar" is a wonderful dream that almost everyone has and companies are cashing on in that with cheap guitars for people that never really wanted to play anyway.
Without MTV, guitars would likely cost 2.5k or more, and be outstanding, while anything under 1k would be an absolute POS. Just like it is for every other musician