Earlier quoted context omitted.
It's curious but unsurprising that privatization of public transport is considered an answer to congestion when existence of good (or great) public transport is the working answer one can find in many places around the world. When I visited NYC two years ago, I was blown away by how unbelievably bad public transport infrastructure is. The most flabbergasting thing was the absence of Metro ring lines around the center…
Yet your example purposefully sabotages cars by blocking streets to cars, and by not having city planners enforce enough parking spots for cars. The system can prioritize either method of travel. It's no surprise that when this happens, one is faster than the other.
The entitlement of drivers to think they have a right to park a metal box wherever they want for free in the middle of the most expensive real estate in the world is staggering.