I'm a Hippie, and I've always managed to pay my bills.
There have been lots of idealistic Hippie-like counter-culture movements over the years. The '60s Hippies supplanted the Beats as a generalized counter-culture, but soon splintered into a dozen different groups that became difficult for the media to keep track of.
And there will always be those who stereotype hippies, much like many of the same people stereotype other groups.
Generally speaking, the movement was based more on love than on war, greed, and bigotry, but there's no doubt it also attracted some rather unsavory people who gave the movement a bad image, pretty much causing its demise.
Their legacy has not disappeared, which included the movement for healthier earth-loving food, more environmental concerns, more community emphasis over self-centeredness, etc. Of course, not all self-proclaimed hippies lived up to those standards but enough did to have an effect on society.
Now, in this era of rampant nationalism, religious and racial bigotry, materialism, dog-eat-dog greed, self-worship, etc., it's been pushed off to the edge. However, because of the "pendulum effect" in history, don't be surprised if it comes back, possibly pretty strongly.