So, in other words, short term gain for long term pain!
Pretty much the story of the Welsh slate industry for the last 200 years.
One might cite the example of Dinorwic tipping on top of good slate; the pillar-robbing that rendered so many mines unaccessible...
it isn't only Welsh slate by any means.
as a general comment on the early 'cost-book' system of working, and the limited liability partnerships which followed, many industries suffered from persistent under-capitalisation, with consequent focus on short-term cash flow rather than long-term investment.
It's also true that the British banking system ( and in this I include the Scottish one which while separate in some respects, has always had much in common with its English cousin ) has long since focussed on quick, high returns from various specialist extractive ventures - by which I would include the West Indian sugar trade, slave trade and Indian and China trades in tea, silk, cotton and spices
''the stopes soared beyond the range of our caplamps' - David Bick...... How times change .... oh, I don't know, I've still got a lamp like that.