They are, Klopp actually asked for transfers in January, and only when loses started they brought him some players on loan.
they have been low balling Salah for his renewal, and the later has started to use the media to pressure them.
It is said that the club isn't ready to commit financially to their core now.
They aren't going bankrupt or anything, but they aren't going in the market to compete with big deals, unless they can sell for huge profit some of their own.
I think you are wrong about that for the following reasons, but only future will tell...
1)
About Klopp:
This year dip in form for Liverpool is expected after the injuries and after the slight transformation that Klopp wanted in the style of play, but that is not indicative of the decline people would want to read in that.
A cycle is 2-3 years only if approach is not renewed at all. Klopp is trying to renew his approach, which was already renewed circa 2018 (sth that was not properly evaluated by many)
Used City's example between 2019 and last November to indicate that: Pep was tinkering with a new approach and new role to players in order to stay on top, and not sink.
People mistakenly thought it was a sign of City's end of the 2-3 year cycle.
What we see after November tells us that that interpretation was wrong.
2)
About squad:
Defenders and GKs can be WC until at least 32-33 yrs old.
Salah, Mane, Firmino can still be WC until 2024 when Klopp contract expires.
Apart form Winaldum (who is going to leave in the summer) and Henderson, I don't see their major cogs in the wheel declining that much to prevent them from staying on top.
I think the sporting directors know full well that Klopp can have a competitive squad at his disposal until he heads out in 2024
3)
About money:
Yes, they were hit hard by Covid, and - unless you are City or PSG with unlimited resources - you have to be careful in the market.
It is also true that they are not splashing money for no reason. Their model is different from City's.
But, they paid a lot to get VVD and Alisson, and broke transfer records for them because they thought they are the right units to make them reach the next level.
I am 100% sure that if they have the chance to sign Mbape, who is a player for the next 8 years to say the least, they will do it again, and they will give him more money than what they give now.
See what Luftstalag said above about them making the moves to get cash at hand that would allow them to make the crucial moves.
But again, time will tell...