Blame the Incentives, Not the People

The speaker reflects on the issue of the education system and points out that the problem lies not with individuals, such as teachers or principals, but with the system's incentives. They mention a belief shared with Charley Munger that when a system has incentives leading to terrible behavior, the blame should be placed on those who created the incentives, rather than on the individuals exhibiting the behavior. The speaker emphasizes that placing human beings in a system with bad incentives will inevitably lead to bad results, and asserts that it is not the individuals' fault, but rather the fault of the incentives in the system.