No doubt, Bellof and Villeneuve were reckless, compared to other professional racers of their time. Yet, few people respect senseless disregard for danger, myself included, so I suspect that, in the case of such drivers, there was more at work. There was an element of heroism - which is so missing in contemporary times.
Heroism in the sense of balancing between professionalism, expertise, accuracy in execution, and, on the other hand, an exorbitant and "unacceptable" contempt for death and probability. The price of this contemptuous attitude was, almost inevitably in earlier years, the highest to be paid. I agree that the natural reaction before such loss is to think: "If only they had kept things a notch more patient/conservative/tactical/responsible" - I know I would, for a few more notches, if I ever were in their shoes.
A driver who "executes" and "delivers" while keeping things "reasonable" is no less a racer than those heroes of a time past. But then, he does not inspire in the same way either. Perhaps people, ever mindful of human fragility, inherently respect someone who challenges the odds armed with an unusual amount of talent. We secretly hope that their ability and dedication will see them through the challenge - showing to the rest of us that impossible tasks are performed, that even death can be cheated by a select few :-)
I am becoming sentimental it would seem as I get close to my forties, lol :-) I am sure John H did not have anything like this in mind when he mentioned "pearls of wisdom on rennteam" :-)
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Costas