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"Society as a whole is more and more splitting up into two great hostile camps, into two great classes directly facing each other — Bourgeoisie and Proletariat…"
Karl Marx essentially means that society is splitting into two teams that don't get along: the owners (the Bourgeoisie) and the workers (the Proletariat).
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Karl Marx believes that under industrial capitalism, workers lose their individuality and become just another replaceable part of a machine.
"He becomes an appendage of the machine, and it is only the most simple, most monotonous, and most easily acquired knack, that is required of him…"
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Karl Marx means in this future society, everyone’s individual growth depends on everyone else being free too. Instead of competing, people work together so that when one person succeeds, the whole community thrives.
"In place of the old bourgeois society, with its classes and class antagonisms, we shall have an association, in which the free development of each is the condition for the free development of all."

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