It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be… - J. R. R. Tolkien

You can make the Ring an allegory of our own time, if you like: an allegory of the inevitable fate that awaits all attempts to defeat evil power by power. But that is only because all power magical or mechanical does always so work.

We find it difficult to conceive of evil and beauty together. The fear of the beautiful fay that ran through the elder ages almost eludes our grasp. Even more alarming: goodness is itself bereft of its proper beauty. In Faërie one can indeed conceive of an ogre who possesses a castle hideous as a nightmare (for the evil of the ogre wills it so), but one cannot conceive of a house built with a good purpose – an inn, a hostel for travellers, the hall of a virtuous and noble king – that is yet sickeningly ugly. At the present day it would be rash to hope to see one that was not – unless it was built before our time.

A man that flies from his fear may find that he has only taken a short cut to meet it.