The New Deal delivered what economist Joseph Schumpeter called "laborist capitalism," a transformed capitalism affording workers rising wages and benefits as well as power in the enterprise. With intensified international competition, aggressive anti-union strategies by employers, and often hostile government, unions today are far weaker. Workers'' wages have been stagnant since the 1970s and private benefits have seriously eroded.Labor activists believe that they have a new opportunity to restore balance in the American economy and boost labor organizing. The primary vehicle is the proposed Employee Free Choice Act (EFCA), which would require employers to recognize unions once a majority of workers sign authorization cards. A contemporary form of laborist capitalism might combine a renewal of unionism, a vibrant green high-wage sector, new patterns of equity and inclusion, and flexible technologies that enhance quality and sustain employment.The EFCA would facilitate worker organizing, expand and diversify the labor movement, and might thereby advance at least some of these goals.