F1 News
Jacques Villeneuve lashes out at budget cap: "It's pure socialism"
The announcement of the new rules last week has been a big talking point over the last few days, with most people pretty happy with them, but former F1 world champion Jacques Villeneuve isn't happy with one aspect of the regulations. A budget cap of $175 million has been introduced, but the Canadian doesn't think it is fair.
He claims that smaller teams will use it as an excuse to spend even less than they already do to maximise profits, whilst staying at the lower end of the midfield.
Speaking to Journal de Montreal, the former Williams driver said: "What is the idea of helping the little ones who do not deserve it? Does an organization like Williams, he wonders, have the right to go as fast as Mercedes or Ferrari? The answer is no, obviously.
"For me, it's pure socialism. F1 deserves better than that. This situation will allow the poorest to continue to hire drivers who pay their driving.
"If, say, you impose a cap at 50 million, Williams would spend only 20 to continue to stay at the bottom of the grid. All that to say that this initiative is a joke. Nobody is a winner."
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