Your question parses, but makes no sense, semantically. Somewhat like "do colorless green ideas sleep furiously or seductively?". Firstly, free markets are not

Your question parses, but makes no sense, semantically. Somewhat like "do colorless green ideas sleep furiously or seductively?". Firstly, free markets are not entities which can act, they are a social systems which organize people, and secondly, "moral character" is a complicated abstract concept linked to personal choice and ethics. Rephrase your question more succinctly and the answer will be obvious.