I’ve never read that one, it’s much better than the communist manifesto i.m.h.o., even if it’s a bit too short to take into account any counter-argument, and it’d need an update almost 200 years later. I remember know that there’s obviously a difference between the bourgeoisie and the nobility, but there must exist some kind of word encompassing both the nobles from the past and the modern bourgeoisie/capitalists. Anyway, here’s a relevant quote i liked :

The bourgeoisie annihilated the power of the aristocracy, the nobility, by abolishing the entailment of estates – in other words, by making landed property subject to purchase and sale, and by doing away with the special privileges of the nobility. It destroyed the power of the guildmasters by abolishing guilds and handicraft privileges. In their place, it put competition – that is, a state of society in which everyone has the right to enter into any branch of industry, the only obstacle being a lack of the necessary capital.

And, unrelated :

** — 14 — What will this new social order have to be like ?**
Above all, it will have to take the control of industry and of all branches of production out of the hands of mutually competing individuals, and instead institute a system in which all these branches of production are operated by society as a whole – that is, for the common account, according to a common plan, and with the participation of all members of society.
It will, in other words, abolish competition and replace it with association.
Moreover, since the management of industry by individuals necessarily implies private property, and since competition is in reality merely the manner and form in which the control of industry by private property owners expresses itself, it follows that private property cannot be separated from competition and the individual management of industry. Private property must, therefore, be abolished and in its place must come the common utilization of all instruments of production and the distribution of all products according to common agreement – in a word, what is called the communal ownership of goods.
In fact, the abolition of private property is, doubtless, the shortest and most significant way to characterize the revolution in the whole social order which has been made necessary by the development of industry – and for this reason it is rightly advanced by communists as their main demand.

— 15 — Was not the abolition of private property possible at an earlier time ?
No. Every change in the social order, every revolution in property relations, is the necessary consequence of the creation of new forces of production which no longer fit into the old property relations.
Private property has not always existed.
When, towards the end of the Middle Ages, there arose a new mode of production which could not be carried on under the then existing feudal and guild forms of property, this manufacture, which had outgrown the old property relations, created a new property form, private property. And for manufacture and the earliest stage of development of big industry, private property was the only possible property form; the social order based on it was the only possible social order.
So long as it is not possible to produce so much that there is enough for all, with more left over for expanding the social capital and extending the forces of production – so long as this is not possible, there must always be a ruling class directing the use of society’s productive forces, and a poor, oppressed class. How these classes are constituted depends on the stage of development.
The agrarian Middle Ages give us the baron and the serf; the cities of the later Middle Ages show us the guildmaster and the journeyman and the day laborer; the 17th century has its manufacturing workers; the 19th has big factory owners and proletarians.
It is clear that, up to now, the forces of production have never been developed to the point where enough could be developed for all, and that private property has become a fetter and a barrier in relation to the further development of the forces of production.
Now, however, the development of big industry has ushered in a new period. Capital and the forces of production have been expanded to an unprecedented extent, and the means are at hand to multiply them without limit in the near future. Moreover, the forces of production have been concentrated in the hands of a few bourgeois, while the great mass of the people are more and more falling into the proletariat, their situation becoming more wretched and intolerable in proportion to the increase of wealth of the bourgeoisie. And finally, these mighty and easily extended forces of production have so far outgrown private property and the bourgeoisie, that they threaten at any moment to unleash the most violent disturbances of the social order. Now, under these conditions, the abolition of private property has become not only possible but absolutely necessary.

As well as :

Democracy would be wholly valueless to the proletariat if it were not immediately used as a means for putting through measures directed against private property and ensuring the livelihood of the proletariat.
(…)
The general co-operation of all members of society for the purpose of planned exploitation of the forces of production, the expansion of production to the point where it will satisfy the needs of all, the abolition of a situation in which the needs of some are satisfied at the expense of the needs of others, the complete liquidation of classes and their conflicts, the rounded development of the capacities of all members of society through the elimination of the present division of labor, through industrial education, through engaging in varying activities, through the participation by all in the enjoyments produced by all, through the combination of city and country – these are the main consequences of the abolition of private property.