I find particularly striking Chris's statement that "that the free market is, like democracy, only as good as the people who participate in it." The same goes for any human institution, I think. The questions most of us should be asking most of the time is not "does the market/government/etc. allow me to do this?" but rather "is it right to do this?" Frank Meyer, father of fusionism, himself noted, not just that virtue requires freedom, but also that freedom requires virtue.
Burke said "intemperate men cannot be free. Their passions forge their fetters." And no institution, no matter how well crafted, can alter that.
No matter how well set up, every institution requires the practice of virtue to survive.