*** jr (Jeremiah book 2010) chap. 13 p. 165 par. 21 “Jehovah Has Done What He Had in Mind” ***
Among the prophecies spoken by Jeremiah and fulfilled in modern times was one about the fall of a great empire—the world empire of false religion, “Babylon the Great.” (Rev. 14:8; 17:1, 2, 5; Jer. 50:2; 51:8) God’s people would have to “get out of her” so as not to share her fate. (Rev. 18:2, 4; Jer. 51:6) The waters of that city, symbolizing her peoples, or adherents, would “dry up.”—Jer. 51:36; Rev. 16:12.
The Society has mentioned this less and less because while some mainstream religions might be losing members others are increasing by leaps and bounds. jws tend to forget that Babylon the Great is said to consist of all non-jw religions not just "Christendom."
1988 Revelation Climax
*** re chap. 32 pp. 229-230 par. 22 God’s Anger Brought to a Finish ***
Babylon the Great “sits on many waters.” According to Revelation 17:1, 15, these symbolize “peoples and crowds and nations and tongues”—hordes of adherents that she has regarded as a protection. But the “waters” are drying up! In Western Europe, where formerly she had great influence, hundreds of millions have openly ignored religion. In some lands, for many years there was a declared policy to try to destroy the influence of religion. The masses in those lands have not risen up on her behalf. Similarly, when the time comes for Babylon the Great to be destroyed, the dwindling number of her adherents will prove to be no protection at all. (Revelation 17:16) Though she claims a membership of thousands of millions, Babylon the Great will find herself defenseless against “the kings from the rising of the sun.”
*** w89 4/15 pp. 7-8 par. 11 The Infamous Harlot—Her Fall ***
Let us turn in our Bibles to Revelation 17:1, 2. Here an angel addresses the apostle John and, through him, students of prophecy today, saying: “Come, I will show you the judgment upon the great harlot who sits on many waters, with whom the kings of the earth committed fornication, whereas those who inhabit the earth were made drunk with the wine of her fornication.” The term “many waters” refers to the turbulent masses of mankind, so long oppressed by the great harlot.