Its a fancy charging dock. It also includes a $29 cable. $79-29 = 50, the same price as any other charging dock Apple makes. You've gone off the deep end with your rant.
You're totally missing the point. Charging $29 for a $1 cable is and has always been extortionate. I buy better quality 3rd party variants for $10 a pop from Anker. And since when has a cheap piece of plastic to prop up your watch or phone for $50 been good value?