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London is a clusterfuck, and if you would yield for every pedestrian that stepped out, you would never make your destination.

Definitely agree with this.

I’d question why did the guy have an airhorn if he wasn’t frequently confronted by lack of awareness by pedestrians when crossing.

This actually makes me think the opposite - sounds like he could be one of those people with a 'get out of the way' mentality that just doesn't work given the above clusterfuck.

It's all about finding the right balance.