Look beyond people's bloated perceptions of ideologies. The primary economic theories are collectivism vs individualism - best described as Socialism vs Capitalism. The crux of the argument is concerning what the economic unit is. In a socialist society, the economic unit of society is the collective - no man owns a company, all of the workers do. On the other hand, capitalism lays the economic unit on the individual - if a man founds a company, then it is his to do what he wills.
I would argue that the ideal society is a capitalist but with a very heavy focus on Christian morality, because a secular capitalism almost always leads to consumerism and hedonism. Socialism is a pipe dream in that it denies the nature of man as fallen - Man is not naturally good, he is fallen. Hence, this is why Socialism ways fails and falls to dictatorship - because it needs to battle with the nature of man. In doing so, then, it requires men to be cohersed into giving - not out of the kindness of their hearts, but out of force. While a secular capitalism leads to hedonism, Socialism of any kindeads to misery.
Capitalism exploits man's fallen nature and funnels it to a constructive purpose. John wants to be wealthy and have a hot tub, so he starts a business and hires Tom. Now Tom has a job that he can use to put food on the table. It is essential, however, that John does not abuse his authority, because if every boss is cruel, then Tom is stuck between a rock and a hard place.
Galatians 5 comes to mind.