If we were playing in a league of that standard, the likes of Forshaw, Duffy, Bidwell etc would probably all have played 100 games for us, and Pennington, Browning etc would be very much in our first team plans. At a higher level though, we've decided they don't quite make the grade, although a number of them have still managed to play their fair share of games at this level.
In short, our academy is of course not perfect, and like everything else we should look to improve it as much as we can, but to suggest that it's not functional or fit for purpose is just demonstrably false.