Oh I do not deny that at all. If it was, we both wouldn't be airing our distaste for diagnosis and treatment. The whole field is still very, very young so we can't expect the same advances as we have in other areas.
My main point is that, from my own person experiences through the whole system, treatment seems the most broken aspect. Diagnosis of depression is possible without a blood-test, as are other physical illnesses, the signs are obvious. The treatment is not as trivial, you won't do well to "let it run it's course", the drugs are gruelling and may not even work and therapy requires drive a depressed person hasn't got.