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Ozymandias is first and foremost a metaphor for the ephemeral nature of political power, and in that sense the poem is Shelley's most outstanding political sonnet, trading the specific rage of a poem like “England in 1819” for the crushing impersonal metaphor of the statue.
Ponyboy felt guilty. He blamed himself for Johnny's fate, and when Johnny died, he took the blame saying he had done the murder or Bob.