I don't get it. Schwinn is still around. "Had they survived?" The name is the same -- just not family owned. Schwinn has survived, and when pitted against big competitors of their ilk, such as Giant, Specialize and even Trek, Schwinn's product is just as good.
Yes, the higher-end Paramount and Peloton carbon frames are produced in Taiwan, but so is every other higher-end frame. In fact, I think Giant builds the carbon frames for Schwinn's Paramount and Peloton.
I look at it this way: you get what you pay for. One can have a brand new Paramount for $5K+ that has full Dura-Ace and weighs less than 15 lbs. Or, you can source out Waterford for a lugged 953 Paramount - though it'd still have that hideous sloping top tube.
You can get any bike you want from Schwinn from crap to concourse, you'll just have to pay for it.