THE GALVESTON DAILY NEWS: BIG OILMAN: A Leftist Life of Sir Henri Deterding of Royal Dutch Shell: SUNDAY, JUNE 12, 1938 Page 19
The author believes that the enormous financial and political power wielded by a really big-shot capitalist like Deterding is a very dangerous influence in world affairs – and particularly when such power is used, as Deterding, according to the author, used it in the post-war years to organize the forces of fascism in Europe, to wage an unremitting propaganda campaign against Soviet Russia and to subsidize the nazi movement in Germany. Besides subsidizing the nazis in the hope that Hitler will launch a crusade against Soviet Russia, Deterding, says the author, also admired Mussolini, sides with Franco, has his doubts about democracy, believes that youth should be “disciplined” and all “idlers” shot.
Under Deterding, Royal Dutch Shell immediately launched bitter price wars to get into Standard Oil’s big markets.
As a businessman, his life has been an astonishing success, and his achievements in building up gigantic financial structures have been prodigious. The author readily admits all this, but grows alarmed because Deterding is on the fascist side – as if such a man could be on any other side! – and concludes his book by saying: “And we have seen the world which he, in many ways the most powerful man in it, has produced. Can we afford to leave our world in such hands any longer?”