I don’t mean to sound arrogant, given that players like Coutinho saw this club as a stepping stone not long ago, precisely the way we as fans are looking at the likes of Lille or Dortmund - but I fully agree with you. It’s a big question if a player like 18-year old Trent Alexander-Arnold would have been able to break into Liverpool’s first team last season, straight from the Academy, let alone some kids who are playing in whole different leagues. Even Jones, Liverpool FC-born and bred, isn’t nailing down a starting role in a inconsistent midfield.
I think Bellingham is going to be special, probably too special for Liverpool to be able to attain him once Dortmund decide to cash in on him - maybe this is the main reason why a lot of fans, not just of Liverpool, are demanding their club sign him now (you can extend that to Camavinga and every other teenage hot property).
Personally, I think that, money issues and CL absence notwithstanding, Edwards will do what Edwards does every season - bring in players his team have been monitoring for quite a while. I’m convinced that Aouar and Bissouma are on his shortlist, as are the likes of Andre Silva, Vlahović, Daka… And maybe some opportunistic deals like those of Shaqiri and Minamino.