Ride Lugged

I was recently downtown here, and came across this knife. Its a great product, 11 bucks 6 inches long, real wood, good blade, brilliant locking mechanism, dirt simple, nice finish, and made in France. For 11 bucks. Why isnt there a bike like this? Simple, good looking, affordable, made somewhere they dont eat cats and practical. Why doesnt Kmart sell a bike like this knife? Instead they sell the equivalent of a swiss army knife made of lunch tray plastic and cast low carbon steel. Too many gizmos, no eye to anything that actually makes a bike a pleasure to ride. Not light, not good looking, not quiet, not comfortable, not fast, no ability to use it for anything practical…ie no fender mounts, rack mounts ect… Very frustrating.