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I dont agree. If FIA and promoter works properly and has anything to offer, I am sure we should have 3-4 manufacturers (which is enough for proper championship)...
Mismanagement? They were bound to the decrees of Politicians and the Princes of Finance. 17-19 was class because of 4 teams all equally capable with a spread of talent. Wouldn't see that again...
Right now yes, but this is after years of mis-management, which could not have happened :( (one can dream) 17 we were on a high, which was squandered later on, especially with the ill fated...

Certainty it wasn't the development what cost that much money.
WRC mainclass from 2027