The Arsenal legend claims that he would have no trouble claiming a first-team place in the current team due to a lack of competition.
He told ESPN: "I'd love to be around now from an England perspective because we don't have anywhere near the depth of strikers we had back in my day.
"The depth was fantastic and it was other areas of the field that weren't working for us."
He added: "Times have changed and now we have got to the stage where we have a little guy like Raheem Sterling getting called up to the England squad after 200 minutes of action in the Premier League.
"How stupid is that? Why bring a kid like that into the squad, when it would be better to ease him into the Under-21 squad and grow in the Liverpool team?"
England are next in action in Friday's World Cup qualifier against San Marino at Wembley on Friday.