Don’t see why it’s any more sickening than any other top end product. Watches, cars, clothing, smartphones, etc. There’s always a market for halo products at halo prices, and some of that tech/design/innovation normally ends up working it’s way down to more sensibly priced offerings that the rest of us can afford.
I think average bikes are great value for money - the engineering, quality and durability you get on a 105-equipped entry level carbon frame or decent alu frame these days is fantastic for the price.