It may have been the opinion of some early Christians that Rome was Babylon the Great but that is not an adequate explanation. They admittedly get into trouble when they try to explain the beast that she rides and which eventually destroys Babylon the Great.
It is clear that Babylon the Great represents some political entity. Watchtower writers have gotten way off the mark with their construct of a "world empire of false religion". At first they fell for the erroneous protestant notion that the harlot was the Roman Catholic Church. Later they changed that to include all false religion. To prove that idea they used a process of elimination argument which is very easy to disprove. They claim that since she has intercourse with all the nations of the earth she can’t be a political entity. This claim is false because it ignores the same relationship Tyre & Ninevah are said to have with all the nations of the earth. The Watchtower develops this process of elimination argument by saying that religion is absent from the mourning of Babylon the Great. This is circular reasoning that assumes that religion was part of the scene in the first place.
On the other hand the preterist arguments don’t eliminate the possibility of a Babylon the Great on earth today. In fact there is an entity that fits the description of Babylon the Great. The richest entity that has ever existed is the United States. In case you haven’t paid much attention to the world situation most of the nations on earth resent the mono-polar world dominated by the USA.
The Wild Beast the USA is trying to ride is the seventh manifestation of the series of empires that started with Egypt. 1. Egypt 2. Assyria 3. Babylon 4. Persia 5. Greece 6. Rome 7. Russia.
Russia??
Yes. Russia became the seventh not the Anglo/American. Westerners don’t understand the significance of Moscow as the third Rome. The west tends to think of the Roman empire as centered on the City of Rome. The center of gravity of the Roman empire was really in the east/Levant. Constantinople fell much later and the Russians proudly declared themselves the inheritors of the Roman Empire.
Revelation says one of the heads of the beast (7 th most likely) appeared as though slaughtered to death. But its death stroke got healed and it became an eighth king. Is it just coincidental that the USSR died in 1991 but is now beginning to show it’s old menacing behavior. The USA keeps pushing NATO (a military alliance) right up to Russia’s front door. The Kings who have not received a kingdom (former soviet republics) are gradually forming alliances with Russia against the USA. True Ukraine, Georgia, Moldova have recently turned toward the West but that is all the more reason the remaining tyrants are worried that the price they may have to pay for befriending the USA is that they will be removed in some kind of "color" revolution.
The "bomb" that will explode in the USA will be a Russian effort to distract the USA from its plans in the Caucasus. The Moslems will be convenient scapegoats. It will be the Russians who benefit.
Cui Bono? Who Benefits... solves the crime.
The Preterists have it wrong. Tim Lahaye (Left Behind Author) has it WRONG. The Watchtower has it REALLY WRONG. I am positive I have it right.