Exactly: we live in a capitalist society which has been in decline into fascism for generations which makes the counter culture the opposite of those things.
I get the sense that because people can think of a few examples of mercenary security people or a few white supremacist groups that "hack" that this is somehow a refutation. It's not. You know about these people because 1) they usually are mean and suck and 2) they are outliers.
As you say: the phreaking / hacking / hobbist subcultures have always been collectivist by nature and the product of those subcultures will always chafe at the profit motive.