What is the Identity of Babylon in Revelation 17–18?

Much controversy surrounds the identification of Babylon in Revelation 17-18. The reason for this controversy is that interpreters disagree over the hermeneutical approach to be employed in deciphering John’s Apocalypse. This disagreement over hermeneutics in turn results from disagreement regarding how Revelation’s genre should be classified. Should Revelation be classified as belonging to the prophetic genre or apocalyptic genre? The genre categorization selected by the interpreter effects his hermeneutic. Each of these genre categories is accompanied by a different set of hermeneutical principles.