I think that (with an Arda withou Melkor) the elves could have created the utopian society, like that envisioned by Marx and Engels. They might have still had "Lords" but they could be strictly cultural and not political. Like what was stated in the Tolkien and Western Government thread, Tolkien himself would have preferred an Absolute Monarchy, but in Men that can not go uncoruppted, so the elves would only have had to estblish a "higher class" out of nessecity to protect themselves from Melkor. There is a story that Tolkien wrote late in life about how the first elves and founders of the Vanyar, Nolder, and Teleri were not Ingwe Finwe, and Elwe, but Imin, Tata, and Enel, wth their wives. it s called the "Cuivienyarna." The only online reference to it I found was on wikipedia. It may shed some light on how the elves "started out," if we consider it canon:
Cuivienyarna
________
EASY VAPE VAPORIZER