I don't think that removing speed limits in North America would work with the car/driving culture that exists here.
There are several problems with speed limits, one of them being is that when you're on a highway, you have two laws to abide by:
1. The law of the land - 100km/h max
2. The law of the road - The traffic is moving at 115km/h and everyone else on the road expect you to as well
Opportunistic cops pull people over from time to time for driving over the limit, ignoring the law of the road.
So that has to be resolved somehow.. How? I have no idea.
To the bolded part: Automated self driving cars are the solution.
It will take a while for the technology to become adopted widespread, but it will start with freight trucks. This alone will help reduce a lot of deaths as these lumbering brutes of the road will act more rationally while automated. (A bonus for shipping companies: they won't have to pay drivers)
It will take a really long time to see full adoption in the consumer market (and will never be 100% as some people will never give up piloted cars). But the more automated cars on the road, the safer the roads will be. Travel times will also drop as the automated systems will be able of maintaining faster speeds safely.
For the meantime:
I am torn on speed limits. (Unlike seatbelts - which should be mandatory)
For the one, they reduce fuel consumption.
But AFAIK the research doesn't support the notion that they reduce fatalities.
And they are routinely ignored in the US, which does lead to selective enforcement as the cops cannot and will not pull over
every speeder.
Lastly, I agree with the notion that speed traps create more problems than they solve. It would be one thing if speed traps lead to cops consistently pulling over speeders, but in my experience, they don't. They won't go after a car passing at 85 when the flow of traffic is 80.
But then sometimes they will. It's extremely selective and because of this they do cause major slowdowns in their vicinity as others have noted. So I don't know, it's a safety versus liberty issue and I don't have enough information to judge it either way.
Speed limiters are already fitted to trucks. What's the big deal?
Do they do this in the US? I don't think they do but I know Canada does, which caused a backlash amongst the frieght companies as they felt they wouldn't be able to compete with US truck companies when they crossed the border. So unless there has been a major law passed recently trucks do not have limiters in the US.
I know this is terribly America-Centric, but hey, this is where most of the cars are at.
Also, IIRC, the Canadian law was passed to reduce greenhouse gas emition and fuel consumption.