Wealth was a measure of a person's value to society.
Socialism's origins where in France in the late 1780s during the industrial age. It spread through Europe over the next 200 years. I have added a link for you below that will give you a basic idea about the origin of socialism. I would have written it all out for you but it is a long story.
Plato
capitalism, socialism, and communism
Teddy Roosevelt
socialism
Communism and Socialism
Socialism
Abraham Simchah Sachs has written: 'Di lehre fun sotsyalizm' -- subject(s): Socialism 'Basic principles of scientific socialism' -- subject(s): Socialism
Marxism
socialism
Market Socialism cannot exist, so the question here is meaningless. Socialism means a classless stateless society based on production for use, with no wages or prices or money.