The reading analyzed consisted of an article by Michael Novak entitled “Michael Novak on capitalism and multinationals”. Novak (1997) analyzed the history of businesses and made many compelling beliefs about the differences between businesses in the United States, Great Britain, and Europe. Although his beliefs are direct and present themselves as assaults on societies, they require the reader to broaden their perception of capitalism in relation to societies. I will examine five discussion questions that Jennings (2009) posed in a case study related to Novak's (1997) article “Michael Novak on Capitalism and the Corporation.” The first discussion question asked was, “How long has the company been around?” (Jennings, 2009, p. 89)? Novak (1997) wrote that societies have existed since the Middle Ages. Those early guilds were different from those of today. Novak (1997) wrote that early medieval guilds consisted of burial societies, monasteries, cities, and universities. As time passed throughout the Middle Ages, guilds began to grow and move beyond ordinary monasteries and city entities. In fact, joint-stock companies began to arise at the end of the 15th century. Tran (2008) wrote that the first documented joint stock companies date back to the Middle Ages. The second question posed to the discussion was: “What is the difference between British and European society and US society”? According to Dr. Novak, what is the result of the difference (Jennings, 2009, p. 89)? British and European multinationals were strongly anchored in the right of association. Corporations in Europe and Britain were owned by the privileged and were… at the heart of the paper… the origins and implications of Western corporations. The American Economic Review, 96(2), 308-312. Retrieved from http://www.jstor.org/pss/30034664Jennings, M. (2009). Business ethics: case studies and selected readings. Mason, OH: South-Western Cengage Learning.Tran, T. K. (2008). The growth of joint-stock companies in the 17th century (Master's thesis). Retrieved from http://scholarworks.sjsu.edu/etd_theses/3511Wallerstein, M. (2008). Social democracy as a development strategy. In D. Smith, J. Frieden, M. Golden, K. Moene, A. Przeworski (Eds.), Selected works of Michael Wallerstein: The political economy of inequality, unions, and social democracy (p. 443). Retrieved from http://books.google.com/books?hl=en&lr=&id=PTgLXXMngBAC&oi=fnd&pg=PA9&d q=social+democracy&ots=6rVnQthB5w&sig=znulNhI5uRpfdTrdJzj3szDVZj4#v=onepa ge&q&f=false