-> Ancient “property relations” were superseded by feudal property
-> relations and these by “bourgeois” property relations.
-> Thus history itself had expressed its criticism upon past property
-> relations.
-> What Proudhon was actually dealing with was modern bourgeois
-> property as it exists today.
+> _Ancient “property relations”_ were superseded by _feudal_ property
+> relations and these by “_bourgeois_” property relations.
+> Thus history itself had expressed its criticism upon past
+> _property
+> relations_.
+> What Proudhon was actually dealing with was _modern bourgeois
+> property_ as it exists today.