In fact as far as we can tell, life is extremely rare. We've only found one instance of it forming on it's own. And it can only exist in a very tiny space between the earths crust and the upper atmosphere (and only in very small quantities in most of that space.) We haven't found self replicating systems on other planets or deep within the earth.
So any theory that posits "life is an inevitable outcome of thermodynamics" is almost certainly wrong. It's a theory that can't be falsified, and has no predictive power. A more interesting theory would be one that can explain why our specific planet and our specific laws of physics support life. Why do exist here instead of somewhere else?