Not if counterculture was the intended outcome.
This period made it possible to reformat society, by making a break with the past: break with the religion practiced until then, break with the traditional family, with the values transmitted. This probably allowed the consumer society to expand rapidly thereafter.
A lot of people from the counterculture eventually joined the establishment. People like Steward Brand played a big role in bringing computing to the mainstream. This tool (the computer), presented as the "new LSD" by some - including Tim Leary - did not allow the promised release, quite the contrary.