Although socialist models and ideas espousing common ownership have existed since antiquity, the modern concept of socialism evolved in response to the development of industrial capitalism. Count Henri de Saint-Simon (17 October 1760--19 May 1825) is regarded as the first individual to coin the term socialism. He was fascinated by the enormous potential of science and technology and advocated a socialist society that would eliminate the disorderly aspects of capitalism and would be based upon equal opportunities.
Note that communism is only one particular form of socialism.
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