OK, well it depends on the phrase "makes sense" – makes sense in general, or makes sense in terms of the game of cricket (I meant the latter).
Proper cricket (time limited, not limited overs): to win, a team not only has to score the most runs, but also get the ten wickets of the other side. If they bat first, that means the possibility of "declaring" (ie surrendering any remaining wickets) so as to allow enough time to get the other side out.
Cricket originated as a rest-day sport between neighbouring villages and manors, and this mechanism allows teams of mismatched ability still to have a good match – not so much the imperative to win as the taking part. If team A is strong and team B is weak, by digging in and defending wickets rather than going for runs team B has a chance of forcing a draw, and team A will have to make strategic decisions to achieve a win. Thus team A's goal is a win and team B's goal is not to lose.
By contrast, limited-overs "cricket" is simply score the most runs until your overs or wickets run out (whichever comes first). My dad was a weekend cricketer, and I've seen the retrogression from Friendly to League first-hand. When village teams formed into county leagues (and then money becomes involved), a draw is no longer a satisfactory outcome, hence the loss of the aesthetic aspect of the game.
That said, limited-overs matches between teams of similar ability can be very exciting... but not until the last half a dozen overs of the match (the rest of the match is just the set-up for the drama at the end). EG: six overs to go, two wickets remaining, 30 runs to win.
The County Championship and International Tests remain bastions of time-limited cricket, having two innings each over the course of 3-5 days.
Post-script:
It used to be the case that organising a "friendly" cricket match was straightforward: all you needed was a farmer's field and two teams. There were even itinerant teams who borrowed other pitches (including municipal parks). Now, to start a team and join the local league means meeting the league's minimum standards for facilities (including separate changing rooms for match officials), safeguarding, and god alone knows what else. It's a very high bar.
It used to be a family affair. Dad played in the match, mums got involved with the social aspects and organised teas and scoring, we kids played outside the boundary, and everyone had an eye on everyone else. Now wives and girlfriends don't want to be involved, so now the expectation for a tea to be provided has been dropped from league rules.