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Villeneuve denounces budget cap as 'pure socialism'
Former Formula 1 world champion Jacques Villeneuve had come out strongly against proposals to introduce a strict budget cap of $175 million per year starting with the 2021 season. The idea is to stop the top teams from 'buying their way to success' by throwing money at problems and innovation. Formula 1 bosses hope that constraining spending will close up the field and make for tighter racing. But Villeneuve is far from convinced, saying that it was wrong to skew the rules to favour smaller teams like Williams that have been struggling to keep up with the likes of Mercedes and Ferrari. "What is the idea of helping the little ones who do not deserve it?" he told the Journal de...
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