No club gets it right all the time, but the biggest ones have a momentum which (a) can carry them over the dry spells and (b) ensures that they put mistakes right a.s.a.p, which we did in the glory days. Those days ended when Sir John Smith stepped down and the chairmanship passed to that well-meaning dunce Moores. A major decline was assured when he then replaced the retiring Peter Robinson with that meddling, muddling waster Rick Parry. When you recall that that incompetent regime was then replaced for a while by the Lone Ranger and Tonto before we finally managed to boot those two out, you see how deep the roots of the current situation really go. Any club suffering such a catastrophic loss of quality at the top for so long would have suffered for it as we have.
What gives me hope that we can get back to where we want to be is something which has sometimes been criticised on here and elsewhere, namely the ongoing expectations of us fans. That stuff you sometimes hear about Liverpool fans feeling "entitled" to success (on the contrary we're painfully aware that success has to be earned, because we haven't been doing so for far too long now) is meaningless rubbish, but the successful tradition LFC established pre-1990s is still in people's minds and, IMO anyway, has helped the club to avoid slipping into total mediocrity, driving it onwards almost in spite of itself at times, certainly in spite of the nomarks trying and failing to run it as its history deserved. FSG have made their share of mistakes but I do think they have a plan for bringing the good times back. Time will tell if that plan's the right one.