I suppose if you look at F1 as a business, which is what it really is, and is certainly the reason most people are involved in it then you don't really have democracies in business. The MD dosen't take a staff vote every time he has to make a tough decision.
It's always worth reminding oneself that probably 90% of people employed directly and indirectly by F1 are in it for a job first with all other considerations being secondary, this means pretty much all of them are less concerned as to the fairness than they are about being out of work.
I'm sure there will be people upset by that thought, that most people in F1 are there to earn a buck (I put it this way because 'making money' sounds slightly less noble in intent), no doubt many are great enthusiasts of F1. There are mechanics etc. who spend their life working unsociable hours and living in crappy hotel rooms, they love their teams and fair play to them, but you don't see them walk off after 5 years because the team isn't up to scratch, their attitude to lifestyle allows them to pursue that career, it no doubt pays better than a lot of equivalent static employment and they've got to eat after all.
Although if we want to acknowledge it's ever flimsier claim to being a sport, then yes it's in a lot of trouble, but lot of the coverage of it being a sport focuses on the small group of individuals, such as team managers (to an extent) and drivers who are in it to win first and foremost, although this is often a by-product of them being financially well off enough not to NEED to continue doing what they are doing for a living.
At least this organisation are going about a bit of self regulation, no matter how mis-guided their ideas and underhand their motives, unlike a lot of industries who are stumbling on in the same old fashion then throwing themselves at the feet of government and pleading for a bail out. They (FIA) are making the decisions that they know will impact and upset the workforce more than any other - layoffs.