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The reason why F1 now has so many rules governing it is because it was impossible for new teams to be founded, and many teams were pulling out, because the costs were insane.

The budgets of F1 teams, in USD, was approaching astronomical levels to where only a handful of teams could ever justify existing. It would be impossible to fill even a third of the starting grid. If were allowed to continue, you'd have teams burning $1B+ per year.

The other limits have mostly been due to encountering the laws of physics and how it applies to humans. G-forces are limited as a part of car design to ensure the drivers don't black out in the corners from the extreme lateral loads. Pressure suits like fighter jets don't help you, because at least in a fighter jet the G-forces are top-down. Humans have been a weak link on Formula 1 since the mid-to-late 90s.




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