Alice Martin is a labour specialist for a shareholder advisory firm and former Head of Work and Pay at the New Economics Foundation.Annie Quick is an organiser for the IWGB union and a fellow of the New Economics Foundation.

• Acknowledgements IntroductionBuilding economic democracy under financial capitalismThe scope of this bookThe way aheadNotes1 How financialization undermines the power of workersFinance today: speculative, extractive and rent-seekingA changed economic landscape for labourChange is comingNotes2 Understanding and rebuilding union powerThe challenge: empowering unions to be a force against financeWhat is union power?Looking back: the rise and decline of union powerThe ‘golden age’ of union powerThe attack on unionsThe demise of collective bargainingThe state of play today: organizing without institutional powerLessons from EuropeWe can’t turn back the clockRebuilding an institutional role for unions in today’s economyDemocratizing the economy requires rank-and-file union strengthNotes3 Bargaining with financeUnions in and for the communityMobilizing the whole bargaining unitUsing workplace power where it still existsTargeting the real bossLeverage shareholder powerCollective bargaining outside workBuilding militant, democratic, intersectional unionsNotes4 Owning the futureA renewed roleDemocratizing ownershipBecoming worker-ownersUnions as investors in the areas side-lined by capitalUnions leading the move away from damaging workUnions leading the fight for free timeUnions as architects of a democratic futureNotesConclusion: a way forwardThe process of renewalNotes

“Unions Renewed is a must-read for all in the labour movement who believe that winning working class power extends beyond government, and must be built from organising in our communities and workplaces, democratising our economy and, necessarily, our trade unions.”Nadia Whittome, care worker and Labour MP for Nottingham East“Belongs on the desk of any activist who is serious about real, workable strategies for 2020 and beyond.”Morning Star“In one of the best simple explanations of financialization I have seen, Unions Renewed dissects how Private Equity corporations profit while destroying jobs. It calls on unions to develop new strategies to rebuild workers’ power based on how the economy has been reorganized.”Stephen Lerner, US Labor Organizer, Founder of the ‘Justice for Janitors’ campaign“Unions Renewed offers a critique of labour’s strategic status quo grounded in a clear and powerful analysis of the shifting economic ground beneath us. The authors think both historically and globally – and their insights just keep coming. This book will make a real difference.”Sam Pizzigati, labour journalist and associate fellow, Institute for Policy Studies, Washington, DC“The profound social and workforce changes around the dynamics of class, race and gender pose significant challenges, and opportunities, to the trade union movement. To act on this, radical solutions are required which move beyond traditional modes of worker organization. Insights in this important new book shine a light on this changing context and help to chart new pathways to the restoration of trade union legitimacy and power.”Dr Ian Manborde, Equalities and Diversity Organizer, Equity trade union; former programme coordinator of the MA in International Labour and Trade Union Studies (ILTUS) at Ruskin College, Oxford; founding member of the Coalition of Black Trade Unionists (UK)“Unions Renewed is a clarion call for a stronger, fiercer, better labour movement and it couldn't come at a more important time. While too much of the conversation about the working class is mired in nostalgic dreams of a past that never really was, Martin and Quick have explained why labour must understand the economy that we currently have in order to take power and shape the future. Read it, and then share it with your coworkers.”Sarah Jaffe, author of Necessary Trouble: Americans in Revolt and Work Won't Love You Back“Unions Renewed engages especially well with the grassroots of current efforts at renewal... It stands as an urgent and accessible contribution to discussions on union revitalisation, and it will become ever more essential reading as we consider how to build workers’ power in the midst of crises like that of Arcadia.”Marx & Philosophy Review Of Books“Unions Renewed offers […] an admirably clear explanation of […] a notoriously complex phenomenon”New Statesman

Alice Martin is a labour specialist for a shareholder advisory firm and former Head of Work and Pay at the New Economics Foundation.Annie Quick is an organiser for the IWGB union and a fellow of the New Economics Foundation.

• Acknowledgements IntroductionBuilding economic democracy under financial capitalismThe scope of this bookThe way aheadNotes1 How financialization undermines the power of workersFinance today: speculative, extractive and rent-seekingA changed economic landscape for labourChange is comingNotes2 Understanding and rebuilding union powerThe challenge: empowering unions to be a force against financeWhat is union power?Looking back: the rise and decline of union powerThe ‘golden age’ of union powerThe attack on unionsThe demise of collective bargainingThe state of play today: organizing without institutional powerLessons from EuropeWe can’t turn back the clockRebuilding an institutional role for unions in today’s economyDemocratizing the economy requires rank-and-file union strengthNotes3 Bargaining with financeUnions in and for the communityMobilizing the whole bargaining unitUsing workplace power where it still existsTargeting the real bossLeverage shareholder powerCollective bargaining outside workBuilding militant, democratic, intersectional unionsNotes4 Owning the futureA renewed roleDemocratizing ownershipBecoming worker-ownersUnions as investors in the areas side-lined by capitalUnions leading the move away from damaging workUnions leading the fight for free timeUnions as architects of a democratic futureNotesConclusion: a way forwardThe process of renewalNotes

“Unions Renewed is a must-read for all in the labour movement who believe that winning working class power extends beyond government, and must be built from organising in our communities and workplaces, democratising our economy and, necessarily, our trade unions.”Nadia Whittome, care worker and Labour MP for Nottingham East“Belongs on the desk of any activist who is serious about real, workable strategies for 2020 and beyond.”Morning Star“In one of the best simple explanations of financialization I have seen, Unions Renewed dissects how Private Equity corporations profit while destroying jobs. It calls on unions to develop new strategies to rebuild workers’ power based on how the economy has been reorganized.”Stephen Lerner, US Labor Organizer, Founder of the ‘Justice for Janitors’ campaign“Unions Renewed offers a critique of labour’s strategic status quo grounded in a clear and powerful analysis of the shifting economic ground beneath us. The authors think both historically and globally – and their insights just keep coming. This book will make a real difference.”Sam Pizzigati, labour journalist and associate fellow, Institute for Policy Studies, Washington, DC“The profound social and workforce changes around the dynamics of class, race and gender pose significant challenges, and opportunities, to the trade union movement. To act on this, radical solutions are required which move beyond traditional modes of worker organization. Insights in this important new book shine a light on this changing context and help to chart new pathways to the restoration of trade union legitimacy and power.”Dr Ian Manborde, Equalities and Diversity Organizer, Equity trade union; former programme coordinator of the MA in International Labour and Trade Union Studies (ILTUS) at Ruskin College, Oxford; founding member of the Coalition of Black Trade Unionists (UK)“Unions Renewed is a clarion call for a stronger, fiercer, better labour movement and it couldn't come at a more important time. While too much of the conversation about the working class is mired in nostalgic dreams of a past that never really was, Martin and Quick have explained why labour must understand the economy that we currently have in order to take power and shape the future. Read it, and then share it with your coworkers.”Sarah Jaffe, author of Necessary Trouble: Americans in Revolt and Work Won't Love You Back“Unions Renewed engages especially well with the grassroots of current efforts at renewal... It stands as an urgent and accessible contribution to discussions on union revitalisation, and it will become ever more essential reading as we consider how to build workers’ power in the midst of crises like that of Arcadia.”Marx & Philosophy Review Of Books“Unions Renewed offers […] an admirably clear explanation of […] a notoriously complex phenomenon”New Statesman

Alice Martin is a labour specialist for a shareholder advisory firm and former Head of Work and Pay at the New Economics Foundation.Annie Quick is an organiser for the IWGB union and a fellow of the New Economics Foundation.

• Acknowledgements IntroductionBuilding economic democracy under financial capitalismThe scope of this bookThe way aheadNotes1 How financialization undermines the power of workersFinance today: speculative, extractive and rent-seekingA changed economic landscape for labourChange is comingNotes2 Understanding and rebuilding union powerThe challenge: empowering unions to be a force against financeWhat is union power?Looking back: the rise and decline of union powerThe ‘golden age’ of union powerThe attack on unionsThe demise of collective bargainingThe state of play today: organizing without institutional powerLessons from EuropeWe can’t turn back the clockRebuilding an institutional role for unions in today’s economyDemocratizing the economy requires rank-and-file union strengthNotes3 Bargaining with financeUnions in and for the communityMobilizing the whole bargaining unitUsing workplace power where it still existsTargeting the real bossLeverage shareholder powerCollective bargaining outside workBuilding militant, democratic, intersectional unionsNotes4 Owning the futureA renewed roleDemocratizing ownershipBecoming worker-ownersUnions as investors in the areas side-lined by capitalUnions leading the move away from damaging workUnions leading the fight for free timeUnions as architects of a democratic futureNotesConclusion: a way forwardThe process of renewalNotes

“Unions Renewed is a must-read for all in the labour movement who believe that winning working class power extends beyond government, and must be built from organising in our communities and workplaces, democratising our economy and, necessarily, our trade unions.”Nadia Whittome, care worker and Labour MP for Nottingham East“Belongs on the desk of any activist who is serious about real, workable strategies for 2020 and beyond.”Morning Star“In one of the best simple explanations of financialization I have seen, Unions Renewed dissects how Private Equity corporations profit while destroying jobs. It calls on unions to develop new strategies to rebuild workers’ power based on how the economy has been reorganized.”Stephen Lerner, US Labor Organizer, Founder of the ‘Justice for Janitors’ campaign“Unions Renewed offers a critique of labour’s strategic status quo grounded in a clear and powerful analysis of the shifting economic ground beneath us. The authors think both historically and globally – and their insights just keep coming. This book will make a real difference.”Sam Pizzigati, labour journalist and associate fellow, Institute for Policy Studies, Washington, DC“The profound social and workforce changes around the dynamics of class, race and gender pose significant challenges, and opportunities, to the trade union movement. To act on this, radical solutions are required which move beyond traditional modes of worker organization. Insights in this important new book shine a light on this changing context and help to chart new pathways to the restoration of trade union legitimacy and power.”Dr Ian Manborde, Equalities and Diversity Organizer, Equity trade union; former programme coordinator of the MA in International Labour and Trade Union Studies (ILTUS) at Ruskin College, Oxford; founding member of the Coalition of Black Trade Unionists (UK)“Unions Renewed is a clarion call for a stronger, fiercer, better labour movement and it couldn't come at a more important time. While too much of the conversation about the working class is mired in nostalgic dreams of a past that never really was, Martin and Quick have explained why labour must understand the economy that we currently have in order to take power and shape the future. Read it, and then share it with your coworkers.”Sarah Jaffe, author of Necessary Trouble: Americans in Revolt and Work Won't Love You Back“Unions Renewed engages especially well with the grassroots of current efforts at renewal... It stands as an urgent and accessible contribution to discussions on union revitalisation, and it will become ever more essential reading as we consider how to build workers’ power in the midst of crises like that of Arcadia.”Marx & Philosophy Review Of Books“Unions Renewed offers […] an admirably clear explanation of […] a notoriously complex phenomenon”New Statesman