You missed the sheathing.....mainstream wall from outside in....
Cladding
ventilation gap or "rain plane"
vapor barrier or retarders (zero perm plastic or foam, high perm (20-30) house wrap)
Sheathing
Studs/insulation
Drywall (often with impermeable or low latex paint)
This wall if an exterior plastic and interior barrier is used is designed to trap moisture in the wall. The ventilation gap has several purposes in theory, if the flow is correct usually through soffit-ridge and addict vents,
water or dew will not accumulate on a surface (cladding, OSB sheathing especially) that has air and/or water flow (physics gets complex here), a low pressure vacuum is created in the vent cavity to draw out moisture in the wall by capillary action if it can (but the plastic barrier stops this as you pointed out), and it also provides a capillary break as a drain plane. Buoyancy (pressure differences common inside properly vented addict, pascals law) is another but it gets complex. It provides a rain plane from top to bottom. House wrap does the same thing but does not provide much vacuum pressure for capillary action.
If you want to design a build that last centuries hire a building scientist or engineer that understand this. I suggest not listening to all the hype that mainstream building scientist and people that do not understand have developed for manufactured products to support bad designs, and layer after layer of materials like this. The effects of temperature is incorrect above, I just explained that in the last post on my thread so I'm not going to rewrite it here. I suggest if you are seeing post without credible data to support it do not take it as accurate. The data surrounding this topic is complex so do not take me wrong, most do not understand. I'm an Engineer and am struggling with some of it, but I am getting it. The hard part is explaining or making it simple.
If you have questions after trying to understand my thread please ask on it. I'm about ready to show a wall designed to fail like the one above that still out performs the wall above by far when the right material is used on the inside. Foam exteriors are also common and a barrier. I'm on a SIPs
project with water & ice "barrier" as you and many suggest all over the roof that is designed to trap water in the vaulted roof unless they keep the interior humidity low with costly AC or a whole building dehumidifier (~70% is when fungi starts)....How low nobody knows since the mechanical device does not understand the walls, roof, building relative humidity/fungi content. Temperature has little effect on hygroscopic materials that can store at depths into the surface based in RH and proper pore size; more on glass, plastic, or impermeable materials. Heat trapped with moisture and a food for fungi = disaster!