The Frenchman believes money is killing the philosophy of football and feels the Parisians lack a clear identity as a result.
"Today, you buy all the best players and you win," Platini told France Info. "Everything is based on wealth - money kills a philosophy of football.
"When you are UEFA president, you want everyone to participate in your competitions, and that everyone has a chance to win them. It is a bit complicated at the moment."
Platini went further by citing the example of PSG, who have won the Ligue 1 title in six of the past seven seasons having become one of the world's richest clubs when Qatar Sports Investment purchased the team in 2011.
Paris-born forward Kylian Mbappe was the league's top scorer in 2018-19, which was PSG's first season under former Borussia Dortmund boss Thomas Tuchel.
"The president is Qatari, the sports director [Leonardo] is Brazilian, the coach is German [Tuchel], there is a Frenchman on the team, [but] why is it called Paris Saint-Germain?" Platini added.
"There are 40,000 people, a lot of people who love the club. [But] it could be called Coca-Cola or anything."