Yes, indeed, socialism is an intellectual offshoot of capitalism/liberalism/enlightenment (not neoliberalism, of course) that emerged as a reaction to the industrial revolution (and the French revolution, or you could go as far back as the English civil war, with the levellers) as a reaction to the wealth inequality it creates and it predates Marxism, but communism coopted the term and made it seem exclusively authoritarian (because that was supposedly the only way to beat capital).

https://en.wikipedia.org/wiki/Socialism#Etymology

Engels wrote that in 1848, when The Communist Manifesto was published, socialism was respectable in Europe while communism was not. The Owenites in England and the Fourierists in France were considered respectable socialists while working-class movements that “proclaimed the necessity of total social change” denoted themselves communists.[54] This branch of socialism produced the communist work of Étienne Cabet in France and Wilhelm Weitling in Germany.[55] British moral philosopher John Stuart Mill discussed a form of economic socialism within free market. In later editions of his Principles of Political Economy (1848), Mill posited that “as far as economic theory was concerned, there is nothing in principle in economic theory that precludes an economic order based on socialist policies”[56][57] and promoted substituting capitalist businesses with worker cooperatives.[58] While democrats looked to the Revolutions of 1848 as a democratic revolution which in the long run ensured liberty, equality, and fraternity, Marxists denounced it as a betrayal of working-class ideals by a bourgeoisie indifferent to the proletariat.[59]