Why do folks spend more on electronics than on speakers?

If that is true to the music system " speakers determined allover level what you can achieve",

Then I can talk the car like that "the wheels determined allover lever what the car can go". Is that a funny judge, right?

But the logic for above 2 sentences are exactly the same.

The true story is any parts matters as a system, and if you want  the system to be excellent, the key point is match, the second  point is match, the third point is still match.

@Ryder In general, I think your assessment is pretty accurate.

Regardless of cost or allocation of costs, I think, aside from one's overall budget, some important things to consider:  

1) Matching your speakers to the size, aesthetics, and overall function of the space they will be used - a dedicated audio room/space or to be shared with other interests of the home. What types of music and at what volume levels will they be required to perform.

2) Match the amp/preamp or integrated amp to the speaker's output, impedance and and expected performance.

3) Make sure all is approved and sanctioned by the boss (I'm lucky to have an understand ing boss) :-) ..........Jim

These "what is the most important component" threads put me in mind of the question, what is the most important your shoulder, your arm or your hand.  It takes a whole system to let you hug your wife.  Everything matters.

A system is a total of its parts and the end result hopefully would be positive but I am from the camp that speakers are the most important purchase and should be where the most money should be invested. I have had audiophiles over and one told me that he thought that I could put any components on them and they will sound good.

to say the speaker selection/purchase is the most important and most impactful towards the goal of great sound in the room being used is true... but it is not the same as saying the speakers need to be the most expensive component in the system... 

best not to conflate a vs b...