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deleted
Yes, I'm sure you're right - racing certainly doesn't give everyone immunity - but the realisation that you're never going to out sprint or out climb certain individuals, or do a 45 minute 25 without the aid of mechanical doping is a bit of a dampener to lavish spending.
Also, you might have thought that old age would bring immunity but I'm afraid there are some cases where it does not.
Another question: would anyone be brave enough (financially) to ride a fourth cat. race at Hillingdon on a £10,000 bike ?
I admit that there are exceptions, but my basic thought is that participating in actual racing brings realism.