I hate to do so, Noldorin King, but I disagree that The Ring would symbolise a government system etc. I think the very essence of LoTR is quite simple. Essentially it is the classic tale of good rising victorious over evil. Now, sure, Tolkien uses many tools to get there- for example the different sub-genre of hero and the recurring theme of loyalty in those heroes- but the core is simple. That's why I feel it's not an over-simplification to say that The One Ring simply shows the perverting nature of power, and not a government system (although I do agree generally with your comments on the driven nature of both capitalist and communist systems).
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