You, on the other hand, observe a phenomenon, and then explain it by giving it an objective function as a theory... although the phenomenon isn't efficient in giving the optimal outcome.

The phenomenon isn't always "efficient" at dissipating entropy - because of constraints imposed by physical law. Also, in general, optimisation processes are not guaranteed to find the "optimal outcome" - due to local maxima. I am not making the idea of entropy maximisation up - there's a big literature about it dating back to 1922. Check my references.