Our relative inactivity, or failure to land the players in the positions we expected, might work in our favour. See Mbappe and Haaland. Can Real Madrid swallow them both? If they don't, then where else do they go?
However, I am pretty sure City started out with a budget of £200m and the intention to improve our squad in this window. Kane was ridiculously expensive and I am not all surprised that we did not pay £130m plus for him, but we knew what Levy was asking at the beginning of the window and I think we should have brought in an alternative or strengthened other areas.
It's always difficult as a fan to follow the transfer activity as so much of the news is rubbish, however I know what my expectations were at the start of the window, and I can see what we have now. We failed to strengthen the problem areas whilst Chelsea are now in pole position. That's a bad Summer in my book.