Well, it's true that Tolkien foresaw that evil would arise again, but it's not true that he believed in a yin-yang balance between good and evil, in which each depended on the other for survival. It's clear from the writings of the Dagor Dagorath that evil (personified by Morgoth) would have an ultimate ending.
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"If you're referring to the incident with the dragon, I was barely involved. All I did was give your uncle a little nudge out of the door."
THE HOBBIT - IT'S COMING
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