Like string theory, economic theory now predicts absolutely everything since there's an economic model for every season. So that's no longer impressive. It's a sign of the theory's unfalsifiability and of the discipline's weak scientific credentials.

Both the war on drugs and the ineffective climate regulations are side-effects of the US government's having been captured by powerful special interests. So these are examples of how capitalism isn't self-regulating: Lobbyists for Big Pharma and for the oil companies use government to prevent competitors from emerging (home-grown, natural drugs, and green energies). So the government serves those oligopolies even at great cost to society. That's inconsistent with the part of economics I'm criticizing, the part that says capitalism works for the good of all.