Does the following context mean:
As Storr has observed, Capitalist Realism can be seen both as a humorous version of Socialist Realism and as a criticize of Pop Art’s acceptance toward consumerism: 'it criticizes the the eastern-bloc aesthetic dogmas in which Richter had been schooled and also has a more critical effect when it is used as a substitute for the label pop in the context of commercial culture of the West'?
Context:
As Storr has observed, Capitalist Realism can be seen both as a play on Socialist Realism and as a lampooning of much of Pop Art’s seemingly uncritical embrace of consumerism: ‘it turns the tables on the eastern-bloc aesthetic dogmas in which Richter had been schooled, but it has an even more satirical effect when applied to the commercial culture of the West as a substitute for the label Pop.’
That's how I read it.
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