The Gunners slipped to their eighth defeat of the season at Everton on Saturday, losing 2-1 to stay 15th in the Premier League table.
Nicolas Pepe equalised for Arsenal after Rob Holding’s own goal gave Everton the lead, but the hosts scored again through Yerry Mina.
At his post-match press conference, Arteta claimed his Arsenal team ‘controlled’ Everton and ‘dominated’ the game.
He said: ‘At the end, the reflection is a little bit similar to the last few weeks.
‘You are better than the opponent, you dominate the game and usually when you are under this pressure and this position in the table, you get battered by teams.
‘It’s not the case. I see the spirit in the team and how they try and how they are willing to do things the right way and I’m gutted for them as well because they needed a result and I think we played a game that we had to get something out of.’
Responding to Arteta’s comments, Cascarino said in a column for The Times: ‘With every passing week Arsenal are becoming even more difficult to watch. The players just do not look like they are enjoying their football.
‘There is a glaring lack of leadership on the pitch and Mikel Arteta, the Arsenal manager, is compounding the problem by trying to micromanage his players during matches.
‘I am struggling to see any kind of identity in this Arsenal team. It was staggering to hear Arteta say that his players dominated against Everton.
‘They may have had 57 per cent possession but what did they have to show for it?
‘His stock has soared by virtue of not playing in these poor performances. Ozil hardly ran the show in the ten league games he played under Arteta last season. He only played the full 90 minutes in eight of them.
‘Arteta needs two big results this week, against Manchester City in the Carabao Cup and Chelsea on Boxing Day.
‘Should Arsenal still sit perilously close to the relegation zone after the festive period, his job would surely be under huge threat.’