Free markets have the same moral compass and ethics as the collective group that participates in that free market.
The question is do you trust in the collective wisdom of the free market? or do you trust more in the wisdom of a small number of "government elites" that will make rules on centralized basis to "help" the plebes.
Neither approach is perfect or foolproof.
Personally I have very low trust in most governments to make the best, or even close to best, decisions on a regular basis.
I recently found an interesting read on how government operates in Switzerland. On Steemit of course. That seemed like a format for government operation that would be more trusted.
STEEM On!!