https://www.planetfootball.com/videos/watch-folarin-balogun-skips-past-defenders-scores-stunning-goal-for-arsenal-under-23s/
Balogun's goal for the U23's.

I get that there is this stand off between player and club which is basically "commit and we'll play you" versus "play me and i'll commit" but eventually Arsenal are going to be the ones who lose out in this.

If Balogun gets minutes and leaves for free or if he doesn't play and leaves for free he is going to get a very good deal at a very good club, there is nothing we can do to stop that. But if the only way to get him to sign a deal is to give him minutes then we need to take that first step. If Arsenal are worried about setting a precedent for other young players in terms of them delivering ultimatums 'play me or i'll leave' I think that is nonsense because Balogun is worthy of a place in match days squads.

What makes it all the more silly is Nketiah is down to the last 18 months of his contract now, so in the summer Arsenal are going to need to make a decision on him and for my money that decision should be to sell to the highest bidder which opens up the route to the first team even more clearly for Balogun. The Same is true of Lacazette who will only have a year left. And then consider Aubameyang is 31. The pathway to regular first team football couldn't be any more clear.

If Balogun is better why hasn't he played ahead of Nketiah?

He’s out of contract and leaving.
There’s no point playing a player who doesn’t want to be with us

And the clear favouritism from Arteta and Edu

It might be worth asking why Balogun doesn’t want to be with us, if he doesn’t? Could it be a lack of playing time? If it is, would he have stayed had he Nketiah’s playing time? If so, it takes me to Gunfire’s question. If Balogun is better than Nketiah, why hasn’t Arteta played him more?