Page "Socialism" Paragraph 69
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The term " socialism " was created by Henri de Saint-Simon, a founder of utopian socialism.
The term " socialism " was created to contrast against the liberal doctrine of " individualism ".
The original socialists condemned liberal individualism as failing to address social concerns of poverty, social oppression, and gross inequality of wealth.
They viewed liberal individualism as degenerating society into supporting selfish egoism and that harmed community life through promoting a society based on competition.
They presented socialism as an alternative to liberal individualism, that advocated a society based on cooperation.
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