There were definitely lords, such as Glorfindel and Elrond (?) buy I think it was a share thing- although there are records of possessiveness (such as Feanor and Legolas's dad, and of course Thingol) no other examples of conflict of posession stand out. Using this supposition, you could argue that there was a very shared element to elven society.
I would NOT refer to this as Communism, as that suggests class, especially working class, and I don't believe this existed in Elven society. Smiths were held in great regard for example, because they could make things of beauty and delight. A more accurate word (but still not close enough) would be utopian, as that is the ultimate end of theories such as communism.
Would anyone agree with this?
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-Halbarad to Aragorn, 'The Passing of the Grey Company' Book V, Return of the King."A little people, but of great worth are the Shire-folk. Little do they know of our long labour for the safekeeping of their borders, and yet I grudge it not"
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