This is rubbish. If the clubs want to continue to flourish then they must continue the academy system, but accept that there is a risk of losing the players. Arsenal trades on the transfer system, which has led to the current system. Arsenal fans the world over have been pleading with Wenger to promote the youth team into the first team - players like Ashley Cole, Paolo Vernazza, Jermaine Pennant. Yet he still insists on buying in trouble makers like Sylvain Wiltord, who will probably turn out to be another Anelka.
Loyalty breeds loyalty.
If Wenger promoted the youth, forgive me for being naive, but perhaps we wouldn't have the loyalty problem that we do and we wouldn't be in fear of losing all our players on when the transfer system is shown up for the farce that it is.