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Yes BE does know what he is doing and he is doing what is best for F1 and its stakeholders and sponsors. Whilst I don't like it it is true that the only markets with potential for expansion in the automobile industry is the middle and far east. That is where the money is, that is where the industry needs to move into and have showcase events.
F1 is a business before it is a sport and it is controlled by markets and finance. There is potential growth in the east unlike Eorope and the US which is pretty much saturated. The new money is in countries like China and India and that is where F1 will inexorably move to.
So BE is doing his job and doing it well as far as F1 is concerned. I don't like it as I am a F1 traditionalist.
My hope is that a worthy F1 type series is set up in Europe to fill the vacuum and satisfy the Euro punters. But would there be the backing and money to make it viable??