On the other hand the show's attitude is overall middling-positive about the elvish imperial state - and on top of that Galadriel's multi-century War on Terror

On the other hand the show's attitude is overall middling-positive about the elvish imperial state - and on top of that Galadriel's multi-century War on Terror is ultimately justified. I don't think the story is coherent enough to be making a real political statement, even if a few scenes gesture wildly at a few vague (and contradictory) political ideas.