Earlier quoted context omitted.
Go home, yuppies. The last few paragraphs bring it home: hacking is being subverted as a tool of the establishment and no longer, in common use, means working against the establishment.
I really don't like the link to "the profit fetish" in the last paragraph and the implicit undertone of profit being a bad thing. In fact I completely disagree and would call hacking (in the sense it is used in the article) a very direct expression of profit seeking. You change one state to another one that you prefer. If the costs to achieve this are less than the added value that's (economic) profit.
The prevalence of computers in modern commerce makes this easy to overlook. Hacking isn't about building things the rest of the world appreciates and understands--it's about mastery and appreciation of abstract systems.
Edit: to make myself completely clear, profit is inherently evil, c.f. the notion of selflessness.