The four main principles of socialism are as follows : 

• Faith in democratic arrangements : 

Socialism is against all forms of absolute power (absolutism), because in absolutism, human individualism, dignity and freedom do not find any importance. Socialism is a supplement of democracy, Democratic system is an inseparable part of socialism.

• Faith in humanity :

According to the philosophy of socialism, a person is not a physical or economic but a moral being. He does not get impacted with physical thoughts, but has a bearing of ideals.

• Denial of class-struggle : 

Socialism, while accepting the existence of capitalists and workers, opposes class-struggle. Socialism is based on cooperation and adjustment in place of class-struggle.

Oppose the unlimited accumulation of property : 

Socialism favours for limited private property. State should have the ultimate control over big industries. Socialism does not want to abolish private property but wishes its limitation.