The phrase "speed excessively" in your second sentence directly implies that "speeding" leads to the immorality rather than just speed. Additionally, "excessive" is approaching a tautology. In your first comment though you just talk about "speeding" without the excess and then say that's flatly immoral.
People are bad at assessing risk and bad at awareness of road conditions. And I think learning to disregard posted speed limits corrodes regard for other rules of the road, like stopping at traffic lights.
Even in jurisdictions that didn't have speeding laws (before we had a national standard) those people were still prosecuted for reckless driving. The standard speeding law is whatever is reasonable and prudent given the traffic, weather, and road conditions. It's a subjective standard that offers police a lot of leeway, but so it goes.
> On the other hand, a New York judge announced that he would not convict drivers for blocking speeding traffic, People v. Ilieveski, 175 Misc. 2d 943; 670 N.Y.S.2d 1004 (Monroe County N.Y. 1998).
But drivers have developed a sense of entitlement to speed at least 10 mph, and regard the posted speed limit as a speed minimum. But if a car is traveling 65 mph in a 65 mph zone in a center or right lane, and a car behind him traveling at 75 mph swerves recklessly into another lane in order to avoid having to slow down to the posted speed limint, then the responsibility for the risk of that unsafe lane change is the responsibility of the driver who did it, not the car driving at the posted speed limit in the right lane.
This is the result of underposting highway speed limits for decades. Had that not happened, then dotted limits would have a lot more respect today.
So you basically have a generation of motorists who grew up and spent a substantial portion of their driving years with highway speed limits that virtually no one complies with, and that it was okay to drive 5 to 10 mph above the speed limit. This attitude spread to other road types as well meaning that even appropriately posted speed limits (e.g., 25 mph residential streets) have a high degree of noncompliance.
It's going to take a while to undo the damage, but that's what happens when traffic control devices are effectively used to "cry wolf".
Edit: s/compliance)/noncompliance/