This passage is a continuation of chapter 13, talking about the judgment that was to come upon Babylon. And while I don’t believe that this passage is specifically talking about Satan himself (some people particularly associate verses 12-14 to Satan), a lot of what is said here about the king of Babylon can be also be said of Satan.
Both desired to be raised up and to achieve power. Both desired to be like God. And in the process, they oppressed people, and put them into bondage. But both were cast down by God, and as the rule of the Babylonian king came to an end, so will Satan’s.
Isaiah said that on the day the king of Babylon would be cast down, the people would cry out,
How the oppressor has come to an end! How his fury has ended! The Lord has broken the rod of the wicked, the scepter of the rulers, which in anger struck down peoples with unceasing blows, and in fury subdued nations with relentless aggression. All the lands are at rest and at peace; they break into singing….The grave below is all astir to meet you at your coming; it rouses the spirits of the departed to greet you – all those who were leaders in the world; it makes them rise from their thrones – all those who were kings over the nations. They will all respond, they will say to you, “You also have become weak, as we are; you have become like us.” All your pomp has been brought down to the grave.” (4-7, 9-10)
In the same way, when Satan is cast down once and for all, there will at last be peace on this earth, and there will be great rejoicing. And when Satan is cast down into hell, all his power will be gone, and he will be like all the others in the lake of fire: a victim of his own sin and pride.
I think one misunderstanding that people have about Satan is that he rules in hell. Actually Satan is not in hell and he does not want to go there. Because when he goes there, he will not be king. He won’t even be a “prison warden.” He’ll be a prisoner just like everyone else there. And people will look upon him in wonder, just as they did the Babylonian king and say, “Is this the one that shook the earth and made kingdoms tremble, the one who overthrew its cities and would not let his captives go?” (16-17)
So what can we take from this? Know that though Satan and his minions may attack you, and may make your life miserable at times, their time is short, and they know it. Take hope in the fact that their time is coming, and at that time, all the misery you may be going through now because of all the evil that’s in the world will be at an end.
You will not suffer forever. You will not be at Satan’s mercy forever. God has already started the work of salvation through his Son’s work on the cross. He has already set you free from your sins, and we have now been saved from sin’s power and sin’s penalty. We have not yet been saved from sin’s presence in our lives and the hurt and pain it can cause. But that day is coming too. And on that day,
[God] will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away. (Revelation 21:4)
So let us not get discouraged when we are faced with trials in our lives. Rather, let us rejoice. And remember that through Jesus, the victory has already been won.