Chomsky: We should examine carefully what's being established here in the prologue. For one, the point is clearly made that the "master ring," the so-called "one ring to rule them all," is actually a rather elaborate justification for preemptive war on Mordor.
Zinn: I think that's correct. Tolkien makes no attempt to hide the fact that rings are wielded by every other ethnic enclave in Middle Earth. The Dwarves have seven rings, the Elves have three. The race of Man has nine rings, for God's sake. There are at least 19 rings floating around out there in Middle Earth, and yet Sauron's ring is supposedly so terrible that no one can be allowed to wield it. Why?Oh, snap! McSweeney's presents the Howard Zinn and Noam Chomsky commentary track for Fellowship of the Ring. More here.