Only five participants turned up yesterday for Hong Kong's first Walk for Capitalism and found themselves outnumbered almost three-to-one by police escorts and media. Six police officers and eight reporters and photographers escorted the SAR supporters of the group, which joins 102 cities worldwide in promoting free-market capitalism, free trade and individual, political, intellectual and economic rights. Walk for Capitalism Hong Kong co-ordinator Simon Patkin said he had hoped for at least 20 participants but still considered the event a success. 'Some people pulled out because they did not get enough notice and were planning to spend the day with their families. For others the timing [10am] was too early in the morning.' He said other cities, in Norway and Sweden for example, were expecting up to 300 people. Mr Patkin, a former accountant who now works part-time for a public relations company and is studying philosophy, would not release the names or professions of his fellow participants. The group carried placards with slogans such as: 'Walk for Freedom' and 'Freedom + Property Rights = Capitalism'. Walking from Wan Chai to Central Government Offices, they tied blue ribbons to businesses such as restaurants and hairdressers to promote the cause. A copy of Capitalism: The Unknown Ideal, by Ayn Rand, which contains articles by US Federal Reserve chief Alan Greenspan, was given to a government security guard to pass on to Chief Executive Tung Chee-hwa.