Academies will have competition, of course they will. Far more so than the current scheme of parents giving their preferences but being allocated a school by the local authority based on arbitrary rules and with little regard for the best interests of the actual child concerned.
Really? How will there be competition between Academies? What requirement to service the public will exist that makes Academies want to outperform each other? I just can't see it, therefore my current position, but I'm very happy to have someone explain it to me.
There will definitely NOT be an oversupply of Academies in a local area, as the government just won't grant licences for schools that are not needed, any more than an LEA today would build them. It's public money, after all. Private schools, in comparison, are run as businesses and not subject to educational capacity requirements planning, so there is always a state-funded school alternative that they must compete with and justify their extra fees.
Any money saved by closing down an LEA will be swallowed up by Ofsted or its replacement, as they'll have to do the same work from a central position instead of a local one.
So, I genuinely cannot see how the brave new world of Academies would be any different to the current situation. If I thought it would be better, I'd support it. I think it will be the same, so I don't.