https://en.wikipedia.org/wiki/List_of_countries_by_traffic-r...
Where else can you expect a heavily modded Volkswagen Golf from the 90's to overtake you at 220 km/h on your way to work?
The high speeds are a point of controversy. The pro high speed people say we have a low death rate, the pro speed limit people say all the studies indicate it could be way lower with more sane limits.
Your example is actually somewhat common and it can be surprising how a car that isn't in view on your first mirror check can be next to you on your next mirror check, when you're driving 120kph.
I can see the reason for most of these - if you're allowed to go 300km/h in that car, it should definitely be in a good condition -, but it's not without drawbacks.
Half the stuff wasn't even approved for my bike, but no one ever checks if you just confidently hand over a small book worth of paperwork...
3rd world countries have the true freedom to do what you want
On the other hand, no matter where you live, there's always a few "karens" in the neighborhood who will do what they can to keep you from say, renting your property out and having large numbers of otherwise homeless people setting up a tent-city. (that seems to be one of the hard limits).
Selling the property afterwards is another story, as things need to be up to code.
I would kill to get out in the country side and buy my own piece of land without HOA.
Makes me angry just thinking about this.
So, yes, "third world in nature". But the billionaires find life here pretty convenient.