Eh, I may be wrong, but I felt thet parallel is more towards stolen power. The Silmarilli were not corruptible when Morgoth stole them, which is why I think he fixed them onto his Iron crown instead of breaking them up and twisting them into something else. (No evidence that he tried to break them but why should Satan love Holy stuff?) Similarly, Sauron manufactured his One Ring which he hoped to steal the power of all the other rings. But the Three Rings which had not been touched by him could not be controlled i.e. because the Elves just won't let him.
Morgoth stole power, but used it only for decoration and to gloat at his foes. There HAD been evidence that the Silmarilli can strengthen evil too:
Quote:
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Of all the terrors that came ever into Beleriand ere Angband's fall the madness of Carcharoth was the most dreadful; for the power of the Silmaril was hidden within him.
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But there was no evidence of Morgoth actually using the power of the Silmarilli for his evil deeds. Sauron, on the other hand could use the power of his One Ring to enslave everyone. But still, he could not control the three rings because they were hidden from him. Nonetheless, the power of the One Ring is to steal the power from the three while they are in use. Yet both Morgoth and Sauron gained nothing from the power that they had stolen.
Did Morgoth actually had a source of Power? Yes! Himself! He got dissipated into the Earth as weeds, into the water as poison, into the air as fumes. But did the Silmaril helped him to do all this? I doubt that the Silmaril can directly aid him in corrupting Arda while still remaining beautiful, not unless... He ate them?
Yet, the power of the One Ring was Sauron's own, though he used it to steal power from all the other rings. So Prof T said when he wrote that Morgoth's Ring was the entire world while Sauron's Ring is a small jewel.
How can people wield a ring anyway?