Tolkien pretendia que Arda fosse uma forma antiga de nossa Terra. Das Cartas, Carta # 211
I imagine the gap to be about 6000 years [destruction of the Ring ~ modern ): that is we are now at the end of the Fifth Age, if the Ages were of about the same length as 2nd Age and 3rd Age. But they have, I think, quickened; and I imagine we are actually at the end of the 6th Age, or in the 7th.
Na verdade, Tolkien afirma que os Hobbits ainda existem. Da Sociedade do Anel, Prólogo:
Hobbits are an unobtrusive but very ancient people, more numerous formerly than they are today; for they love peace and quiet and good tilled earth: a well-ordered and well-farmed countryside was their favourite haunt. They do not and did not understand or like machines more complicated than a forge-bellows, a water-mill, or a hand-loom, though they were skilful with tools. Even in ancient days they were, as a rule, shy of 'the Big Folk', as they call us, and now they avoid us with dismay and are becoming hard to find. They are quick of hearing and sharp-eyed, and though they are inclined to be fat and do not hurry unnecessarily, they are nonetheless nimble and deft in their movements. They possessed from the first the art of disappearing swiftly and silently, when large folk whom they do not wish to meet come blundering by; and this an they have developed until to Men it may seem magical.
Como Arda é, de fato, a intenção de ser nossa Terra, pode-se deduzir que ela foi eventualmente industrializada, com ou sem o planejamento de Tolkien. :)