You might argue that the people who run the English game want English teams to do well in the CL. If that means the domestic league is not competitive, they can live with that.
They just want Liverpool, Rags, Arsenal and (at a pinch) Chelsea to be the ones getting top 4 each year, just as they did in the old days. It's funny, but in those days I don't recall anyone suggesting the PL was dead, although in effect it was.
They don't really want a competitive league with a different top four each season. (Say Burnley, Leeds, Fulham and Bournemouth). Because they are well aware that if it worked that way the teams qualifying would not be good enough to win the CL. In such a league, no one would be able to afford to build an adequate squad.