Bill Whittle is one of my favorite political commentators. He works for PJTV.com, and is involved in three internet TV shows - hosting Afterburner and The Firewall and co-hosting Trifecta with Stephen Green and Scott Ott. He consistently turns out classy, intellectual commentary on current events. He'd mentioned Tolkien several times, so I was curious as to what the story was.
His take on it, somewhat predictably, involves politics. I don't entirely agree with him, but it's certainly a credible and important interpretation.
The relevant section is from 39:00 to 48:50.