Something else to consider in all of this is that whilst externally we appear to be rather strategyless, Moyes has been in the press again this week highlighting the fact that at Everton, he is pretty much the lord of all he surveys. If that is the case then it would seem strange for him to be stumbling from season to season without a plan in mind for how we can progress. Whilst it's perhaps fair to assume that the football and commercial sides of the club are seperated, I dare say Moyes has more input into the commercial side (or at least more understanding of it) than many managers.
So we must not believe that just because a strategy is not in the public domain that one does not exist. Moyes has been picking up young players quite a bit recently so it would appear likely that building a good young team on the cheap is a big part of that strategy. Arsenal have been held up as the model we should go after, but its worth remembering that despite their high income Wenger decides not to spend that much of it, instead building a young team with a feel for the club. I think Moyes is doing the latter part of that very well.
It's also worth considering a number of things about the Arsenal approach in comparison to ourselves. Firstly Arsenal were successful whilst at their old ground, winning championships, cups and even European trophies whilst at Highbury. Secondly the sale of Highbury has earnt them a fortune due to London prices. Thirdly, as has been mentioned elsewhere, ticket prices in London tend to be much higher than in Liverpool. Fourth, Arsenal were regular participants in the Champions League prior to the stadium being built. None of those really apply to us unfortunately.
