That sums up our state of the union. Didn’t know JRRT wrote about politics, might have to look that up.
I don’t think Tolkien was very political, but he was very traditional. He could be called a Conservative, but that might be going too far. He liked rural areas and was not pleased with industrial areas. He liked the world as it had been, which pretty much means he didn’t like the 20th century Political/ Economic systems.
This 10 minute Youtube clip on the Hobbit economy might actually say something about Tolkien’s vision —
https://www.youtube.com/watch?v=iSsK—ilSA8