Charter School or Cherry picker?

I thought this article about the New York charter schools was interesting because more than one of the voters I have talked to said the same thing about charter schools here in Worcester.  The system, as I understand it, is set up so that the charter school will make more of a profit if they spend less of your child.  I know that some people think that an individual will make "better" decisions based on the child's needs than a large bureaucratic system.  In theory, it could be true that a bureaucratic system, if left unchecked, could have waste built-in.  Would you rather a big system or someone or some corporation making a profit by denying services to your child?

http://www.nytimes.com/2011/07/11/nyregion/charter-school-sends-message-thrive-or-transfer.html