Underground economy

Definition and stakes

Portrait of Sabine Baring-Gould Sabine Baring-Gould An Old English Home and Its Dependencies… (1898)

But there is this consolation for such as have nothing of great importance below the surface, that those who are deriving their large incomes from the beds or veins deep underground are exhausting their patrimony; coal and metal will not recover themselves as the surface soil will.
It has been my lot to live where the underground industry was great, in Yorkshire where were coalmines, and on the borders of Cornwall where were once great copper and tin mines
Source: Wikisource

Portrait of Henri Pirenne Henri Pirenne The Stages in the Social History of Capitalism

At most, the old capitalists, transformed into landed proprietors, play still an active rôle in the exploitation of the mines, because of the necessary dependence of that industry upon the possessors of the soil, but it can be safely affirmed that those who have presided over the gigantic progress of international economy, of the exuberant activity which now affects the whole world, were, as at the time of the Renaissance, parvenus, self-made men.
Source: Gutenberg

Robert W. Bruère The Coming of Coal

The working conditions of the miners, the technical state of the organization of work underground, the cost of living at the more than eleven thousand mines, remain in the foggy realm of guesswork, estimate, and speculation. In the face of conditions which, as the operators of Illinois and Indiana stated in 1914, “endanger the lives of the miners, waste the coal reserves, and deprive the operators of any hope of profit,” the people, like the people's government, are ignorantly helpless.
Source: Gutenberg

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