Heres some basic facts for the people who can't comprehend stuff.
Arsenal DO spend, we spend huge its just on a HUGE squad with HUGE wagebill, we pay more youths a higher wage than any other club, none of them make it, Wilshire is pretty much the first youth player to come through our academy since, Cole?
Arsenal spend more than ANYONE else whose not winning anything, on wages and transfers combined.
The "we haven't spent as much as Chelsea/City" argument means crap, we also spend far more(until VERY recently) than Spurs, in the wages/transfers totals, and far more than everyone else in the league, yet people go we've spent less than Chelsea and are still up there.
Cut out Chelsea, Utd, City and Arsenal are the top spenders or so of the rest, and we're exactly where we should be.
Transfer fee's are a joke, Cesc was free, Milner cost 27mil, its not black and white, its not directly comparable, and because of daft fee's at CHelsea/City wages aren't comparable(more to Chelsea than City who have just gotten beyond ridiculous).
Arsenal have a better squad, than the first team that gets picked week in week out, therefore with a better first team choice we could expect to be higher.
Theo gets drafted in, right back from injury, despite woeful inability to perform before an injury, Diaby keeps his place in the team the second he's back from injury, despite being rubbish. These decisions cost us points, and Wengers "favoured players" who play despite how rubbish they are being, have cost us points for over half a decade.
Tactically he's completely inept, substitutions he makes are horrific, again keeping on his favoured personel rather than taking off tired, injury risk or the worst performers on the day, which again costs us points. Cesc back from injury again in his first game didn't get subbed, while others who weren't tired and weren't a serious re-injury risk were taken off early, while the two worst performers on the pitch were left on..... its ridiculous. The game was well and truly won with the 3rd goal, and was realistically safe before the second half started, why play Cesc right till the end?
Wengers made the same mistakes for a decade, we had such a fantastic squad that long ago they didn't cost us titles and cups, now they do.
Whose better than Wenger, stop pretending this is Wenger from 10 years ago, he plays a different type of football, a different formation, different quality of player, Wenger "early years" and Wenger "later years" aren't even close to the same guy.
Who would be better than early years Wenger, no one, who would be better than current Wenger, many, many, many managers.
If you can think of a manager who would come in and sell Denilson and Diaby, they'd improve the squad, save Arsenal money, mean better squad players get played instead, simple stuff and they'd be doing better than Wenger right there.