Not to be a whataboutist, but is this even a question?
Don’t forget about how awful Terry Ryan was. Wasting first round picks is a huge thing you left out, I don’t recall Falvey doing that (at least not yet).
While Ryan did stock the farm with players like Berrios, Buxton, Polanco, Rosario, Garver, Kepler, Sano, etc he also left the pitching cupboards bare. The current FO has stocked the farm with players like Martin, Lewis, and Larnach, etc but also has managed to acquire pitchers like Ryan, Duran, Woods Richardson, & Petty.
If you want to argue that they shouldn’t have Ryan, Woods Richardson, and Martin and that the only reason they do is because they weren’t competitive, then in that scenario we wouldn’t even be having this discussion. So that argument is a total dead goose of an argument.
Pretty much any negatives you can attribute to the current FO can also be attributed to the Ryan administration.