You'd probably have a car that is so incredibly fast that a driver could stay conscious driving it, and so expensive that no team could afford to build it, and

You'd probably have a car that is so incredibly fast that a driver could stay conscious driving it, and so expensive that no team could afford to build it, and a league so lopsided that no viewers would watch it. At the end of the day, F1 is in the entertainment business and they want to build a league of competitive teams so that viewers will keep their advertising dollars flowing. The best way to keep them competitive is with rules that ensure they stay within touch of one another. That being said, I think F1 still has a lot of work to do.