You can make the Ring into an allegory of our own time, if you like: and allegory of the inevitable fate that waits for all attempts to defeat evil power by power.
J. R. R. TolkienAnd there was Frodo, pale and worn, and yet himself again; and in his eyes there was peace now, neither strain of will, nor madness, nor any fear. His burden was taken away.
J. R. R. TolkienAre you in pain, Frodo?' said Gandalf quietly as he rode by Frodo's side. 'Well, yes I am,' said Frodo. 'It is my shoulder. The wound aches, and the memory of darkness is heavy on me. It was a year ago today.' 'Alas! there are some wounds that cannot be wholly cured,' said Gandalf. 'I fear it may be so with mine,' said Frodo. 'There is no real going back. Though I may come to the Shire, it will not seem the same; for I shall not be the same. I am wounded with knife, sting, and tooth, and a long burden. Where shall I find rest?' Gandalf did not answer.
J. R. R. Tolkien