Jacques Villeneuve has dismissed Formula 1's impending budget cap as "pure socialism" and says his former employers Williams are not worthy of the potential benefits it could bring them. F1 teams will have "performance-related costs" limited to $175million from 2021 and beyond as Liberty Media looks to level the playing field and make racing closer on-track. Article continues under video A raft of new technical regulations will also be introduced in an attempt to curb Mercedes, Ferrari and Red Bull's advantage over the rest of the field. Williams' hopes of returning to the top of F1 look bleak. The 12-time constructors' champions finished bottom of the standings last...
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