Charter schools definitely can be a breath of fresh air in a forgotten, abandoned, underfunded community, I don’t think there’s any doubt about that. There’s also no question though, that the concept has, at a high level, been converted into a back-door privatization scheme.
The most well-meaning of the charter movement envisioned a system where not-for-profit-dirven schools were given an opportunity to experiment outside of the bureaucratic strictures of a stagnant system. The idea, and indeed the promise made by charter proponents was that the good ideas that came out of these experiments would flow back into the public school through cross-pollinating the administrations and teachers. It is difficult for large government programs to innovate, so a laboratory for change outside the system makes some kind of sense on paper.
In reality, charter schools became places that sucked a lot of passionate and creative administrators and teachers out of the public schools, and just had them work themselves to the bone (teacher’s unions -problematic in themselves, certainly - have less, if any jurisdiction in charters) in an unsustainable model. The inch of privatization offered by the charter system was taken a mile by political opponents of public education and any good results that come out of charters are used as evidence against the public school model, rather than a feed-back loop to reinforce them (a lot of the gains are due to the unsustainable models, so they wouldn’t be scalable in any case…).
The financial games we see now are just the natural result of allowing profiteering to seep into schooling. Public goods like national defense, education, medical care, housing etc…are fish in a barrel when the floodgates are opened to private money. Allowing private money in without proper regulations in the name of a program that on its surface is altruistic is just letting the wolf into the flock, and giving him a tailored sheep costume on the way in.
I work for a public/privately funded early childhood non-profit in NYC, and our model is to use private dollars (and public dollars, whenever the funders are feeling randy) to prototype, experiment with and evaluate ways of improving early childhood care and education, and the preparation of teachers and administrators. I believe deeply in the idea of laboratories outside of the larger system being given the freedom to experiment. The essential part of this equation, though is always the feedback loop back into the system to improve things for everyone.
And, of course, not turning the whole damn thing into a fucking philanthrocapitalist investopalooza and deregulation party.