When it comes right down to it...

[The Half-Hobbit]

I believe that elves and men are different but equal. It is easy for elves to seem superior to men at first glance because the gifts that Illuvatar gave to men are strange: death, and restlessness to seek beyond the world, and the power to shape their own fate beyond that which was laid down by the music of the Ainur. That is why men often stray from the light.
Elves have the greater bliss, but I think that men have a greater influence on the world's fate.