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The problem is the difference between it and the aforementioned CART.
CART was a get together of racing teams and their managers (Gurney, Penske, et al), going against the then-USAC and IMS. The manufacturers of racing engines (Honda, Toyota, Mercedes, etc,)were on the sidelines, watching the outcome.
With FOTA, it is the manufacturers that are staging this, against the FIA and FOM.
Like CART, FOTA's major (manufacturer) members will have more incentive to micromanage the rules and regulations to their individual interests, especially one in particular. The individual that they choose to be the President of their organisation will look more of a figurehead than anything else, as the real power will reside among the manufacturers.
As this kind of politicing goes on, the very same smaller teams will feel manipulated, either by their votes or their association through their powertrain contracts, and have even less chance of being heard by the 'board of directors', and will leave.
And where will they go?... back to the original racing organisation, in whatever shape they have manifested themselves into.
History has taught us this, in many forms and facets. This will be just another example of pure intentions with hidden agendas, resulting in bad ends.
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