Nope. It's not describing Rome, although it could be. And it's not describing the Hittite Empire, although it could be. And, it's not a prophecy about the United States, although it could be. It's describing the decline of urban life in the southern Levant in the Early Bronze Age—wich predates all of those by at least a thousand years.
The more things change, the more they stay the same. Those who don't know history are doomed to repeat it. And those of us who do, are doomed to watch others repeat it while we watch on, trying vainly to warn others of their folly. No wonder Qohelet (the preacher in Ecclesiastes) said all is vanity. : (