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Reason #1- MONEY!  Back in the late 60s into the 70s, my neighbor ran a limited sportsman (today's sportsman or crate modified).  His wife didn't work, had 3 kids and made an average wage on a 10th grade education.  He never won a feature but was a freguent top 10 finisher.  Best night finish wise was a 4th and a 7th in twin 20s (or 15s) at Windsor.  I don't racers like him could compete today.  Maybe in a mini stock, or street stock.  In today's racing world, a good driver has to also been a good salesman, of himself.

Reason #2- AN AGING FAN BASE.  I think saturday night racing and Nascar are both presented with the problem of a lack new, incoming fans.  Back in my day (60s, 70s) a great number of fans