Michael Novak’s concept of democratic capitalism in Poland aroused great interest for several reasons. The most important of them consisted in its close relation to the teaching of the Polish Pope John Paul II. The second was its temporal coincidence with the start of a political transformation in Poland, when a model of development consistent with Polish tradition and social expectations was sought. The third was related to its Slavic roots and origin, which gained in importance given a perceived civilizational backwardness of the countries belonging to the former socialist bloc. For Polish Catholic thinkers, the concept of democratic capitalism initially seemed to promise a smooth transition to a market economy, protecting society from the shock of a possible collision with predatory capitalism. But the discussions of Michael Novak’s conception which took place in Poland at that time were unfortunately burdened with fears of cultural pluralism and with leaving individuals too much freedom in implementing their own ways of achieving happiness. Polish conservatives, who were in power at that time, did not seem to understand the important need for a dynamic moral and cultural system in a society that was just starting its modernization processes. It is paradoxical, but in these discussions what was most feared was the weakening of religious traditions in Polish society. According to the author, this fear caused distrust of the democratic conception, and especially its moral foundations, which continues to this day. This paper, therefore, also contributes to reflection on to what extent the teachings of John Paul II have been absorbed in Polish conservative circles.