I agree, our youth system has been a failure, no one has made the "English Core" that Wenger's promised years ago
http://www.arsenal.com/news/news-archive/wenger-english-core-is-no-coincidence.
"It is… not by coincidence, it is down to the work that we have done that we have more good English players," said Wenger.
"We look first at quality. If the quality is local, it is of course even better because it gives you more guarantee of stability because the players who are English who play for Arsenal are more likely to stay for a longer term than foreign players.
"But we look first at quality, that is the most important thing."
So Wenger, how is that working out?