The End of Godless World Domination
These verses describe the last part of John's vision of what will happen at the end of time. Babylon is a global powerbase of politics and commerce which will eventually so constrain the world's leaders, that they will destroy it; albeit as the unwitting agents of God (Revelation 17:16-18) … only to find that there is nothing left (Revelation 18:9-11). It will be God's final judgement on the world.