Poorly designed, poorly manufactured, barely works in use and rounds the nuts you use it on so that subsequent attempts will be harder even with better tools. It feels like there's been a strong Satanic / nihilistic philosophy at work among the hand tool industry for a while now. Started somewhere around the time period when the movie "Rambo" caused a fad for crappy "survival knives."
The sever decline in general product quality, together with an increase in unneeded complexity, is absolutely awful. You can go on amazon right now and for every product imaginable you can find many which are essentially just designed to be thrown into the trash in a couple of years, when with some actual effort the same thing could be made to last far longer.
It is easy to blame the buyers who "just cares about the cost", but I am not sure that tells the entire story. Surely there is a significant market segment of people willing to buy actual high quality products.