Help with the meaning of a sentence

Does the highlighted sentence mean: "Although this capability is free from any religious and political control, it is both liberating and debilitating, and as a result of its debilitating side art is purposeless and meaningless (from the perspective of authority)"?

Context:

While part of a long-standing tradition, what is characteristic of art produced under the conditions of modernity, where art has gained a relative autonomy from religious and political power, is its sense of its own authority. Art under modernity, modern art, carries its own legitimation. The culture industry both reinforces and alters this. Art that has no legitimacy beyond itself is defenseless against the laws of the market. Under these conditions, art is also limitless, as many artworks as possible can be produced; the only limits lie in the capacities of the producers and consumers. This capability is both liberating and debilitating, free from religious and political control; art is purposeless and from the perspective of authority, meaningless.