Sentence:  Life is further characterized , in antithesis to Piepsam , as animal : the image of a dog , which appears at several places , is first given as the criterion of amiable , irrelevant interest aroused by life considered simply as a spectacle : a dog in a wagon <WSD>is</WSD> `` admirable '' , `` a pleasure to contemplate '' ; another wagon has no dog , and therefore is `` devoid of interest '' . 
Meaning of the word marked with <WSD> tags:  have the quality of being; (copula, used with an adjective or a predicate noun)