Sauron is capitalism. He enroaches everything with his presence.
Saruman was a social democrat turned fascist. He was a scientist, an engineer, and a visionary. He became corrupted by capitalism and used his ingenuity for industrial genocide.
The race of Men are the Slavs. They were once great, and fought nobly against capitalism (USSR), but eventually became corrupted by the power of capitalism (the ring) and greed.
The elves are the Chinese. They fought against capital with the Slavs at some point, but when Men became corrupted, they broke relations entirely.
The dwarves are ex-Yugoslavia. No, I will not elaborate.
Aragorn is the next Lenin, essentially.
The hobbits are the tendency of the rate of profit to fall.
When the time comes, we will have to make a last stand to distract capital, force it's gaze upon us, while the hobbits do their final work and decimate the rate of profit.