First of all, if you bang your knife into concrete, you don't deserve to use a knife. Btw, why don't you bang your Rex121 on concrete, too?Chop through a concrete block with your 440C blade and then do the same with a CPK chopper in D3V. You'll see a difference.
Cut cardboard boxes with a Rex 121 blade with the same geometry as your 440C blade. You'll see a difference.
You can make a decent knife out of 440C, but there have been a lot of steel advances since 440C. I can't think of a single application where I would prefer 440C over some other steel.
Second of all, if you bring up cardboard as a metric, there are the snap off blades that can out cut the number of cuts that Rex121 can do with a fraction of the price... by your logic, the Rex121 with the same blade geometry as the snap off, it would be beyond worthless. Oh, you can get solid blade type for those snap off blade.
Even though it is true that there are better steel, there is place for a steel like 440C. It has that good of a combination of ok wear resistance, ok corrosion resistance and ok toughness for the average usage of a knife, while at a ok price. If any of those change, the rest change as well. Hence why 440 series, and 420 for that matter, have so many variations around them. They are just good baseline.