Poverty is due to moral lacking

[lucy]

But in scientific terms (and yes, economics is a science, if not a rigid one) a theory is a model of reality. It explains what can be shown to be true, and predicts new facts which may not yet be understood.

Not in this case. In this case, we tried to model reality according to the theories. Well, not we, since I didn't ....

The problem with economic theories as I see them is that they rely on the actions of people, which is a very difficult thing to model. And in the modern world, with almost instantaneous communications and global markets, the problems are multiplied exponentially. When you add in government interference, the results become completely unpredictable. The models might work, on a small scale, but be completely useless once government regulations alter the playing field.

Sorry, but in recent years it was the economists who dictated the rules, the politicians just followed them blindly. It really wasn't the other way round. At least that's the impression I got here.