Well, it's not about just removing all lights/traffic signs it's mostly about using roundabouts instead of the traffic lights system....and a bunch of other things as well that will make motorists think/take caution on their own, be responsible instead of just relying on the lights/signs...
It does make a lot of sense and having lived in Britain a while ago, where they have lots and lots of roundabouts everywhere, it really made sense. I don't think some intersections I've seen in England could handle the massive road traffic if they traffic lights intersections instead of roundabouts.
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