F1 is as much about the engineering challenge of having the teams competing to build the fastest circuit racing car in the world as it is about the drivers driv

F1 is as much about the engineering challenge of having the teams competing to build the fastest circuit racing car in the world as it is about the drivers driving it. If you remove the engineering challenge, you no longer have F1. (Kind of literally, as the Formula in Formula 1 refers to the regulations teams need to follow in their construction of the vehicle.) There are plenty of other major racing series around the world that use standardized vehicles. The reason F1 is special is the engineering, plain and simple. The aerodynamics involved, the engine efficiencies... Mercedes' ICU (traditional fuel part of the power unit) has achieved a thermal efficiency of over 50%. That is astounding. You just don't get these sort of advances with a spec series; there's no motivation for it. If you combat the imbalance in team success at all, you do it by inserting negative feedback loops and spending limits. Making total available budget be not the #1 determining factor is an obvious choice. Some caps are in the works currently. And for negative feedback loops, these are things like -- the higher your finishing position for the season, the less wind tunnel time you have available to use in the offseason. Something like that, things that make it so if you win, it's a little bit harder to keep winning the next time. You definitely don't turn it into a spec series, because then you have killed the sport.